Philip Morris International Inc. (NYSE:PM) is Susquehanna Fundamental Investments LLC's 5th Largest Position

Susquehanna Fundamental Investments LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 403,749 shares of the company's stock after selling 9,480 shares during the quarter. Philip Morris International accounts for approximately 0.9% of Susquehanna Fundamental Investments LLC's investment portfolio, making the stock its 5th largest position. Susquehanna Fundamental Investments LLC's holdings in Philip Morris International were worth $40,912,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PM. Gilbert & Cook Inc. boosted its stake in shares of Philip Morris International by 3.8% in the 4th quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company's stock valued at $1,030,000 after purchasing an additional 404 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Philip Morris International by 4.3% during the fourth quarter. TD Asset Management Inc now owns 708,416 shares of the company's stock worth $66,648,000 after buying an additional 29,459 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of Philip Morris International during the fourth quarter worth $783,000. Evoke Wealth LLC grew its stake in shares of Philip Morris International by 7.2% during the fourth quarter. Evoke Wealth LLC now owns 2,398 shares of the company's stock worth $229,000 after buying an additional 162 shares during the last quarter. Finally, Gold Investment Management Ltd. bought a new stake in shares of Philip Morris International during the fourth quarter worth $71,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM traded down $0.23 during mid-day trading on Friday, hitting $120.62. The company had a trading volume of 6,046,633 shares, compared to its average volume of 5,414,632. The firm has a fifty day moving average price of $119.60 and a 200 day moving average price of $105.57. The company has a market capitalization of $187.51 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $128.22.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the company posted $1.60 EPS. The firm's revenue was up 5.6% compared to the same quarter last year. Research analysts expect that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be given a dividend of $1.35 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.30. The ex-dividend date is Thursday, September 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.48%. Philip Morris International's payout ratio is presently 105.47%.

Analyst Ratings Changes

PM has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. The Goldman Sachs Group boosted their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday. Bank of America boosted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Barclays boosted their target price on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, September 9th. Finally, UBS Group boosted their price objective on shares of Philip Morris International from $95.00 to $105.00 and gave the stock a "sell" rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.14.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company's stock, valued at $17,906,095.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.