denkapparat Operations GmbH Takes Position in Philip Morris International Inc. (NYSE:PM)

denkapparat Operations GmbH purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,118 shares of the company's stock, valued at approximately $255,000.

Other large investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P lifted its stake in shares of Philip Morris International by 7.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,894 shares of the company's stock worth $230,000 after buying an additional 129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Philip Morris International by 2.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 320,218 shares of the company's stock worth $38,874,000 after purchasing an additional 8,754 shares during the period. Fiduciary Trust Co lifted its stake in Philip Morris International by 40.0% during the 3rd quarter. Fiduciary Trust Co now owns 32,847 shares of the company's stock worth $3,988,000 after acquiring an additional 9,391 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Philip Morris International by 4.8% in the third quarter. Rockefeller Capital Management L.P. now owns 208,989 shares of the company's stock valued at $25,342,000 after purchasing an additional 9,500 shares during the period. Finally, Covey Capital Advisors LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth about $704,000. Institutional investors own 78.63% of the company's stock.

Insider Activity

In related news, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by company insiders.

Remove Ads

Philip Morris International Stock Performance

Shares of NYSE PM traded down $0.65 during mid-day trading on Tuesday, hitting $158.08. 2,749,753 shares of the stock were exchanged, compared to its average volume of 5,473,796. The company has a market cap of $245.79 billion, a P/E ratio of 35.01, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.87. The stock's fifty day simple moving average is $146.57 and its two-hundred day simple moving average is $132.43.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 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%. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 is presently 119.73%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. Finally, Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.