Impact Capital Partners LLC Purchases New Shares in Philip Morris International Inc. (NYSE:PM)

Impact Capital Partners LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,014 shares of the company's stock, valued at approximately $242,000.

Several other hedge funds also recently modified their holdings of PM. CFO4Life Group LLC raised its stake in shares of Philip Morris International by 2.0% in the fourth quarter. CFO4Life Group LLC now owns 4,748 shares of the company's stock valued at $571,000 after purchasing an additional 91 shares in the last quarter. Balboa Wealth Partners raised its stake in Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after acquiring an additional 74 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Philip Morris International by 21.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,979 shares of the company's stock worth $34,297,000 after acquiring an additional 49,547 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Philip Morris International by 664.6% in the fourth quarter. Rakuten Securities Inc. now owns 497 shares of the company's stock valued at $60,000 after buying an additional 432 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of Philip Morris International by 4.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 93,715 shares of the company's stock valued at $11,279,000 after buying an additional 4,240 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

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Philip Morris International Stock Performance

Philip Morris International stock traded up $0.43 during midday trading on Wednesday, reaching $154.27. The stock had a trading volume of 4,137,550 shares, compared to its average volume of 6,116,449. The firm's fifty day simple moving average is $140.44 and its 200-day simple moving average is $130.64. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The stock has a market capitalization of $239.86 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (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, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. The trade was a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares of the company's stock, valued at $4,584,994.24. This represents a 7.62 % 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 valued at $19,655,585 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on PM. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target on the stock. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. 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 report on Friday, February 7th. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock 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.