Headlands Technologies LLC Buys 21,163 Shares of Philip Morris International Inc. (NYSE:PM)

Headlands Technologies LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 414.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,274 shares of the company's stock after purchasing an additional 21,163 shares during the quarter. Headlands Technologies LLC's holdings in Philip Morris International were worth $3,162,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PM. Vanguard Group Inc. increased its stake in Philip Morris International by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares in the last quarter. State Street Corp boosted its stake in shares of Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company's stock worth $6,715,237,000 after buying an additional 224,840 shares during the last quarter. GQG Partners LLC grew its holdings in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after acquiring an additional 516,617 shares during the period. Institutional investors own 78.63% of the company's stock.

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Insiders Place Their Bets

In other news, insider Werner Barth sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the sale, the insider now directly owns 106,244 shares of the company's stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares of the company's stock, valued at $81,495,308.62. The trade was a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PM has been the subject of several research analyst 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 target price for the company. Stifel Nicolaus boosted 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. UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective 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. Finally, Barclays boosted 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 analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

Philip Morris International Stock Performance

NYSE:PM traded up $6.04 during midday trading on Thursday, reaching $162.21. 10,578,322 shares of the stock traded hands, compared to its average volume of 5,490,968. The company has a fifty day moving average of $147.92 and a 200 day moving average of $132.82. The stock has a market capitalization of $252.21 billion, a P/E ratio of 35.97, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $163.04.

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 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%. On average, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, March 20th. Philip Morris International's payout ratio is currently 119.73%.

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.