Generation Capital Management LLC Invests $394,000 in Philip Morris International Inc. (NYSE:PM)

Generation Capital Management LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,275 shares of the company's stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in Philip Morris International in the 3rd quarter valued at approximately $206,000. McIlrath & Eck LLC increased its holdings in shares of Philip Morris International by 38.5% during the third quarter. McIlrath & Eck LLC now owns 561 shares of the company's stock valued at $68,000 after purchasing an additional 156 shares during the period. Anchor Investment Management LLC raised its stake in shares of Philip Morris International by 3.5% during the third quarter. Anchor Investment Management LLC now owns 46,037 shares of the company's stock valued at $5,589,000 after purchasing an additional 1,544 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in Philip Morris International by 225.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 23,379 shares of the company's stock worth $2,841,000 after purchasing an additional 16,194 shares during the period. Finally, World Investment Advisors LLC grew its position in Philip Morris International by 567.0% in the 3rd quarter. World Investment Advisors LLC now owns 50,672 shares of the company's stock valued at $6,152,000 after buying an additional 43,075 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

Philip Morris International stock traded up $3.55 during trading hours on Wednesday, hitting $167.66. The company had a trading volume of 4,730,461 shares, compared to its average volume of 5,591,314. The firm's fifty day moving average is $154.34 and its 200-day moving average is $136.65. The firm has a market capitalization of $260.96 billion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a fifty-two week low of $93.84 and a fifty-two week high of $173.58.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. During the same period last year, the business earned $1.50 EPS. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio is presently 119.73%.

Insider Buying and Selling at Philip Morris International

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

Analyst Ratings Changes

Several research analysts have recently issued reports on PM shares. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Barclays increased their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. UBS Group upped their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus boosted their price target on shares of Philip Morris International from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.78.

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.