6,038 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by GWN Securities Inc.

GWN Securities Inc. purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,038 shares of the company's stock, valued at approximately $765,000.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in shares of Philip Morris International by 5.1% in the fourth quarter. Harbour Investments Inc. now owns 12,410 shares of the company's stock worth $1,494,000 after buying an additional 605 shares during the period. Centurion Wealth Management LLC increased its stake in Philip Morris International by 3.5% in the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company's stock worth $268,000 after purchasing an additional 75 shares during the period. Ascent Capital Management LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $327,000. one8zero8 LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $3,133,000. Finally, Choate Investment Advisors grew its holdings in shares of Philip Morris International by 122.2% in the fourth quarter. Choate Investment Advisors now owns 8,214 shares of the company's stock worth $989,000 after purchasing an additional 4,517 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PM shares. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. UBS Group raised their target price 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. upped their price target on 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 objective on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average price target of $144.56.

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Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This represents a 12.06 % 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 valued at $19,655,585 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Price Performance

PM stock traded down $0.82 during midday trading on Thursday, hitting $152.12. The stock had a trading volume of 5,003,004 shares, compared to its average volume of 6,097,367. The firm has a market cap of $236.53 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The business has a 50-day moving average of $141.09 and a two-hundred day moving average of $130.80. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. Research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.55%. Philip Morris International's payout ratio is 119.73%.

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.