AssuredPartners Investment Advisors LLC Makes New $1.83 Million Investment in Philip Morris International Inc. (NYSE:PM)

AssuredPartners Investment Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,161 shares of the company's stock, valued at approximately $1,825,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC raised its stake in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $33,000. Knuff & Co LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth about $36,000. Finally, Sierra Ocean LLC acquired a new position in Philip Morris International during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares of the company's stock, valued at $81,495,308.62. This represents a 6.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by company insiders.

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Philip Morris International Stock Performance

Shares of PM traded up $2.78 during midday trading on Monday, hitting $157.94. 1,798,177 shares of the stock were exchanged, compared to its average volume of 5,983,890. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The stock has a fifty day simple moving average of $145.83 and a 200 day simple moving average of $132.19. The firm has a market cap of $245.57 billion, a P/E ratio of 35.02, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.42%. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

Wall Street Analyst Weigh In

A number of research firms have commented on PM. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.56.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.