GWN Securities Inc. Invests $765,000 in Philip Morris International Inc. (NYSE:PM)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of Philip Morris International during the 3rd quarter worth $749,000. Veery Capital LLC purchased a new position in Philip Morris International during the third quarter worth about $239,000. BCGM Wealth Management LLC increased its position in shares of Philip Morris International by 8.8% during the third quarter. BCGM Wealth Management LLC now owns 24,228 shares of the company's stock valued at $2,941,000 after acquiring an additional 1,960 shares during the last quarter. GoalVest Advisory LLC raised its stake in shares of Philip Morris International by 2.3% in the 3rd quarter. GoalVest Advisory LLC now owns 9,807 shares of the company's stock valued at $1,191,000 after acquiring an additional 225 shares during the period. Finally, Atlanta Consulting Group Advisors LLC acquired a new position in shares of Philip Morris International in the 3rd quarter worth approximately $1,135,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares of the company's stock, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares of the company's stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 over the last three months. Insiders own 0.13% of the company's stock.

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Philip Morris International Stock Performance

Shares of NYSE:PM traded down $1.84 during trading hours on Tuesday, reaching $153.87. The stock had a trading volume of 3,479,455 shares, compared to its average volume of 6,064,079. The stock has a market capitalization of $239.25 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.65 and a beta of 0.53. The firm's 50 day moving average is $139.79 and its 200-day moving average is $130.42. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. Analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PM shares. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.