Philip Morris International Inc. (NYSE:PM) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,180 shares of the company's stock after purchasing an additional 6,352 shares during the period. Philip Morris International comprises approximately 1.2% of CenterBook Partners LP's investment portfolio, making the stock its 11th largest holding. CenterBook Partners LP's holdings in Philip Morris International were worth $20,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares during the period. McClarren Financial Advisors Inc. bought a new position in Philip Morris International in the 4th quarter valued at $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter worth $36,000. Sierra Ocean LLC bought a new stake in Philip Morris International during the fourth quarter valued at $37,000. Finally, Truvestments Capital LLC grew its position in Philip Morris International by 113.8% during the fourth quarter. Truvestments Capital LLC now owns 357 shares of the company's stock worth $43,000 after buying an additional 190 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Philip Morris International

In other news, insider Werner Barth sold 10,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares in the company, valued at $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. The trade was a 7.62 % 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 0.14% of the company's stock.

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Wall Street Analyst Weigh In

PM has been the topic of a number of research analyst reports. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Barclays raised their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $145.44.

Philip Morris International Trading Up 1.8 %

Shares of NYSE:PM traded up $2.68 on Friday, hitting $153.85. 6,458,822 shares of the company were exchanged, compared to its average volume of 5,569,399. The stock's 50 day moving average price is $152.03 and its 200 day moving average price is $134.63. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08. The firm has a market capitalization of $239.47 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.51%. Philip Morris International's dividend payout ratio is currently 119.73%.

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.