GWN Securities Inc. Takes Position in Philip Morris International Inc. (NYSE:PM)

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

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after buying an additional 6,721,094 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $522,214,000. Massachusetts Financial Services Co. MA lifted its position in shares of Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Philip Morris International by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after buying an additional 2,785,987 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Philip Morris International by 161.6% during the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock worth $235,936,000 after buying an additional 1,200,636 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

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Insider Activity at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jacek Olczak sold 40,000 shares of the firm's 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company's stock.

Philip Morris International Trading Up 2.4 %

Shares of PM stock traded up $3.61 during trading hours on Monday, hitting $155.49. The company's stock had a trading volume of 6,679,722 shares, compared to its average volume of 5,134,946. The business has a fifty day moving average of $139.79 and a 200-day moving average of $130.42. The stock has a market cap of $241.76 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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%. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's payout ratio is 119.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PM. Morgan Stanley began 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 objective for the company. Stifel Nicolaus upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. Finally, Barclays upped their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

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.