Fox Run Management L.L.C. Makes New $209,000 Investment in Philip Morris International Inc. (NYSE:PM)

Fox Run Management L.L.C. acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,738 shares of the company's stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC raised its holdings 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 purchasing an additional 72 shares in the last quarter. Dunhill Financial LLC raised its stake in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International during the fourth quarter worth $33,000. Knuff & Co LLC bought a new stake in Philip Morris International during the 4th quarter valued at $36,000. Finally, Sierra Ocean LLC purchased a new position in shares of Philip Morris International in the 4th quarter valued at $37,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Philip Morris International stock traded down $1.32 during trading hours on Tuesday, hitting $157.41. 1,949,863 shares of the stock traded hands, compared to its average volume of 5,469,345. The firm's 50 day moving average price is $146.57 and its 200-day moving average price is $132.43. The stock has a market capitalization of $244.75 billion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.87.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's payout ratio is 119.73%.

Insiders Place Their Bets

In related news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Barclays lifted their price target 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, UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average price target of $144.56.

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.