Philip Morris International Inc. (NYSE:PM) Shares Bought by MML Investors Services LLC

MML Investors Services LLC increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 578,895 shares of the company's stock after buying an additional 10,018 shares during the quarter. MML Investors Services LLC's holdings in Philip Morris International were worth $69,670,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PM. MYDA Advisors LLC boosted its stake in shares of Philip Morris International by 44.8% in the fourth quarter. MYDA Advisors LLC now owns 84,000 shares of the company's stock worth $10,109,000 after buying an additional 26,000 shares during the last quarter. MetLife Investment Management LLC boosted its position in Philip Morris International by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 411,537 shares of the company's stock worth $49,528,000 after purchasing an additional 7,246 shares in the last quarter. Norinchukin Bank The grew its stake in shares of Philip Morris International by 10.3% during the 4th quarter. Norinchukin Bank The now owns 71,411 shares of the company's stock worth $8,594,000 after purchasing an additional 6,666 shares during the period. Capital World Investors increased its holdings in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. Finally, Curi RMB Capital LLC lifted its stake in shares of Philip Morris International by 35.3% in the 4th quarter. Curi RMB Capital LLC now owns 107,939 shares of the company's stock valued at $12,990,000 after purchasing an additional 28,164 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PM shares. Barclays lifted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, UBS Group increased their target price on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.44.

Philip Morris International Trading Up 1.3 %

PM stock traded up $2.15 during midday trading on Thursday, reaching $170.26. The stock had a trading volume of 8,559,804 shares, compared to its average volume of 5,589,323. Philip Morris International Inc. has a 52-week low of $94.42 and a 52-week high of $171.63. The company has a market cap of $265.01 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The company's fifty day simple moving average is $154.69 and its 200 day simple moving average is $136.86.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. During the same period last year, the firm posted $1.50 earnings per share. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is currently 119.73%.

Insider Transactions at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the company'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 value of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last quarter. Company insiders own 0.13% of the company's stock.

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.