Philip Morris International Inc. (NYSE:PM) Stock Holdings Lifted by First Merchants Corp

First Merchants Corp raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 46.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,748 shares of the company's stock after purchasing an additional 9,094 shares during the quarter. First Merchants Corp's holdings in Philip Morris International were worth $3,460,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. increased its position in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Dunhill Financial LLC increased its position in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Concord Wealth Partners increased its position in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after acquiring an additional 298 shares during the last quarter. Finally, Asset Dedication LLC increased its position in shares of Philip Morris International by 55.5% during the fourth quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after acquiring an additional 147 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of analyst reports. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price on the stock. UBS Group lifted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.22.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Trading Down 1.1 %

NYSE:PM traded down $1.62 during midday trading on Tuesday, hitting $148.85. 7,986,850 shares of the stock were exchanged, compared to its average volume of 5,586,642. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $151.22. The company has a market capitalization of $231.43 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 2.55 and a beta of 0.55. The business has a 50-day moving average price of $127.91 and a two-hundred day moving average price of $125.52.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. Sell-side analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.63%. Philip Morris International's payout ratio is 119.73%.

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.