Philip Morris International Inc. (NYSE:PM) Shares Acquired by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,483 shares of the company's stock after purchasing an additional 2,920 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Philip Morris International were worth $10,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Rockingstone Advisors LLC boosted its stake in Philip Morris International by 2.7% in the fourth quarter. Rockingstone Advisors LLC now owns 24,377 shares of the company's stock valued at $2,934,000 after acquiring an additional 649 shares in the last quarter. Peak Financial Advisors LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at about $2,843,000. Founders Grove Wealth Partners LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at about $384,000. Acropolis Investment Management LLC boosted its position in shares of Philip Morris International by 77.7% in the 4th quarter. Acropolis Investment Management LLC now owns 2,612 shares of the company's stock valued at $314,000 after purchasing an additional 1,142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Philip Morris International by 10.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,075 shares of the company's stock worth $129,000 after buying an additional 100 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.1 %

Shares of PM stock traded up $1.27 during mid-day trading on Thursday, hitting $119.78. 7,836,456 shares of the company's stock were exchanged, compared to its average volume of 4,843,315. The stock has a market cap of $186.24 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.86 and a beta of 0.54. The stock has a 50-day simple moving average of $125.67 and a two-hundred day simple moving average of $121.05. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to analysts' expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's dividend payout ratio is currently 85.71%.

Insider Buying and Selling at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Werner Barth sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now owns 95,418 shares of the company's stock, valued at approximately $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PM shares. Citigroup upped their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday. They issued an "overweight" rating and a $140.00 target price for the company. Stifel Nicolaus reissued a "buy" rating and set a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, UBS Group lifted their target price on Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.35.

Philip Morris International Company 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.