Philip Morris International Inc. (NYSE:PM) Shares Purchased by Fayez Sarofim & Co

Fayez Sarofim & Co boosted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,313,383 shares of the company's stock after purchasing an additional 685,431 shares during the period. Philip Morris International comprises 3.0% of Fayez Sarofim & Co's portfolio, making the stock its 5th largest position. Fayez Sarofim & Co owned 0.66% of Philip Morris International worth $1,241,216,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC grew its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $33,000. Knuff & Co LLC acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $36,000. Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the 4th quarter valued at approximately $37,000. Finally, Transce3nd LLC acquired a new position in Philip Morris International in the fourth quarter worth $41,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Up 0.1 %

PM traded up $0.12 during trading on Friday, reaching $170.19. The stock had a trading volume of 7,755,677 shares, compared to its average volume of 5,566,444. Philip Morris International Inc. has a 1-year low of $94.42 and a 1-year high of $171.63. The firm has a market capitalization of $264.90 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The stock has a 50 day moving average of $155.09 and a two-hundred day moving average of $137.22.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the business posted $1.50 earnings per share. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is 111.34%.

Insiders Place Their Bets

In other Philip Morris International news, 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 value of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price target for the company from $130.00 to $170.00 in a report on Friday. JPMorgan Chase & Co. boosted their target price 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. Finally, Argus raised 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 hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $163.00.

Philip Morris International 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.