Huber Capital Management LLC Acquires 5,000 Shares of Philip Morris International Inc. (NYSE:PM)

Huber Capital Management LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,859 shares of the company's stock after purchasing an additional 5,000 shares during the period. Philip Morris International comprises about 2.6% of Huber Capital Management LLC's investment portfolio, making the stock its 12th largest position. Huber Capital Management LLC's holdings in Philip Morris International were worth $12,981,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. NewSquare Capital LLC lifted its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the period. Dunhill Financial LLC grew its holdings in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after purchasing an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in Philip Morris International during the 4th quarter valued at about $33,000. Knuff & Co LLC bought a new stake in Philip Morris International during the fourth quarter worth about $36,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $37,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PM shares. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley initiated 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. 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, Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $144.56.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $11.60 during trading on Friday, hitting $150.47. 11,946,492 shares of the company were exchanged, compared to its average volume of 5,521,053. The firm has a market capitalization of $234.20 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The firm's fifty day moving average price is $149.12 and its 200 day moving average price is $133.27. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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%. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. 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.