Partners in Financial Planning Invests $303,000 in Philip Morris International Inc. (NYSE:PM)

Partners in Financial Planning bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,515 shares of the company's stock, valued at approximately $303,000.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Philip Morris International by 4.8% during the third quarter. Rockefeller Capital Management L.P. now owns 208,989 shares of the company's stock worth $25,342,000 after buying an additional 9,500 shares during the period. Fred Alger Management LLC boosted its stake in shares of Philip Morris International by 4.8% during the 3rd quarter. Fred Alger Management LLC now owns 32,390 shares of the company's stock worth $3,932,000 after acquiring an additional 1,492 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of Philip Morris International by 7.3% in the 3rd quarter. Acropolis Investment Management LLC now owns 1,470 shares of the company's stock worth $178,000 after acquiring an additional 100 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Philip Morris International by 144.5% in the 3rd quarter. Edgestream Partners L.P. now owns 13,172 shares of the company's stock worth $1,599,000 after acquiring an additional 7,784 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its stake in Philip Morris International by 9.2% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 4,508 shares of the company's stock valued at $547,000 after purchasing an additional 381 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

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Philip Morris International Stock Down 7.2 %

Shares of NYSE:PM traded down $11.60 during trading on Friday, reaching $150.47. The stock had a trading volume of 11,946,492 shares, compared to its average volume of 5,519,454. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $163.08. The business has a fifty day moving average price of $149.12 and a 200-day moving average price of $133.20. The stock has a market cap of $234.20 billion, a P/E ratio of 33.36, a PEG ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.59%. The ex-dividend date is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

Insider Activity

In related news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction 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 owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction dated 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 owns 20,799 shares of the company's stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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 analysts have weighed in on PM shares. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price on the stock. JPMorgan Chase & Co. increased 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 note on Tuesday, February 18th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.