Capital Analysts LLC Purchases 2,400 Shares of Philip Morris International Inc. (NYSE:PM)

Capital Analysts LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,732 shares of the company's stock after purchasing an additional 2,400 shares during the period. Capital Analysts LLC's holdings in Philip Morris International were worth $1,292,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new position in Philip Morris International in the 3rd quarter worth about $206,000. McIlrath & Eck LLC increased its position in shares of Philip Morris International by 38.5% in the third quarter. McIlrath & Eck LLC now owns 561 shares of the company's stock worth $68,000 after purchasing an additional 156 shares during the last quarter. Anchor Investment Management LLC raised its stake in Philip Morris International by 3.5% in the third quarter. Anchor Investment Management LLC now owns 46,037 shares of the company's stock valued at $5,589,000 after purchasing an additional 1,544 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in Philip Morris International by 225.4% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 23,379 shares of the company's stock worth $2,841,000 after buying an additional 16,194 shares in the last quarter. Finally, World Investment Advisors LLC grew its stake in Philip Morris International by 567.0% in the 3rd quarter. World Investment Advisors LLC now owns 50,672 shares of the company's stock worth $6,152,000 after buying an additional 43,075 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.

Insider Activity

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was 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 of the company's stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Up 0.1 %

Shares of NYSE PM opened at $170.19 on Friday. The company has a market cap of $264.90 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 2.65 and a beta of 0.46. The firm's fifty day moving average is $155.51 and its 200 day moving average is $137.69. Philip Morris International Inc. has a 52 week low of $94.42 and a 52 week high of $171.63.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. During the same period in the prior year, the firm posted $1.50 earnings per share. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.17%. Philip Morris International's dividend payout ratio is currently 111.34%.

Philip Morris International Profile

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.

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