Dauntless Investment Group LLC Buys Shares of 4,868 Philip Morris International Inc. (NYSE:PM)

Dauntless Investment Group LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,868 shares of the company's stock, valued at approximately $586,000. Philip Morris International makes up 0.6% of Dauntless Investment Group LLC's holdings, making the stock its 17th largest holding.

Other large investors also recently modified their holdings of the company. NewSquare Capital LLC grew its position in shares of 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 buying an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International during the 4th quarter valued at about $33,000. Knuff & Co LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Sierra Ocean LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $37,000. Finally, Transce3nd LLC bought a new stake in Philip Morris International during the 4th quarter valued at $41,000. 78.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now directly owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 in the last three months. 0.13% of the stock is owned by company insiders.

Philip Morris International Trading Up 2.4 %

Shares of NYSE:PM opened at $168.07 on Thursday. Philip Morris International Inc. has a 12-month low of $94.42 and a 12-month high of $171.63. The stock has a market capitalization of $261.60 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.65 and a beta of 0.46. The stock has a fifty day simple moving average of $154.69 and a two-hundred day simple moving average of $136.86.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates 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 previous year, the business posted $1.50 earnings per share. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued 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 yield of 3.21%. Philip Morris International's dividend payout ratio is presently 119.73%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus lifted their target price on Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Barclays upped their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Citigroup boosted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $150.78.

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.

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