Jacobi Capital Management LLC Has $2.32 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Jacobi Capital Management LLC increased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,313 shares of the company's stock after purchasing an additional 3,262 shares during the period. Jacobi Capital Management LLC's holdings in Philip Morris International were worth $2,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Metis Global Partners LLC lifted its position in shares of Philip Morris International by 2.4% in the fourth quarter. Metis Global Partners LLC now owns 58,242 shares of the company's stock worth $7,009,000 after purchasing an additional 1,346 shares in the last quarter. West Michigan Advisors LLC acquired a new position in Philip Morris International in the 4th quarter valued at approximately $204,000. Fisher Asset Management LLC lifted its position in Philip Morris International by 34.9% in the 4th quarter. Fisher Asset Management LLC now owns 14,802 shares of the company's stock worth $1,781,000 after buying an additional 3,829 shares in the last quarter. Maple Capital Management Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $204,000. Finally, SVB Wealth LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at $1,207,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Buying and Selling

In related news, SVP Yann Guerin sold 2,500 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares of the company's stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock worth $19,092,846 in the last three months. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Down 0.5 %

NYSE:PM traded down $0.73 during trading hours on Wednesday, reaching $153.22. The company had a trading volume of 4,238,346 shares, compared to its average volume of 5,165,025. The stock has a 50-day moving average of $134.22 and a two-hundred day moving average of $128.43. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51. The firm has a market capitalization of $238.23 billion, a PE ratio of 33.97, a PEG 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, topping analysts' consensus estimates 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, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research note 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, Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.