Oak Thistle LLC Buys 11,093 Shares of Philip Morris International Inc. (NYSE:PM)

Oak Thistle LLC increased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 99.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,254 shares of the company's stock after buying an additional 11,093 shares during the period. Philip Morris International accounts for about 0.8% of Oak Thistle LLC's investment portfolio, making the stock its 10th biggest position. Oak Thistle LLC's holdings in Philip Morris International were worth $2,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Philip Morris International by 24.5% during the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company's stock valued at $882,000 after buying an additional 1,715 shares in the last quarter. Prime Capital Investment Advisors LLC increased its stake in Philip Morris International by 12.0% during the second quarter. Prime Capital Investment Advisors LLC now owns 17,946 shares of the company's stock worth $1,818,000 after acquiring an additional 1,919 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Philip Morris International by 79.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,878,158 shares of the company's stock valued at $595,634,000 after purchasing an additional 2,599,684 shares during the period. Dimensional Fund Advisors LP raised its position in Philip Morris International by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,126,834 shares of the company's stock valued at $316,849,000 after purchasing an additional 274,872 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Philip Morris International by 18.3% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,281 shares of the company's stock valued at $1,447,000 after purchasing an additional 2,205 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Down 0.0 %

Shares of Philip Morris International stock traded down $0.02 on Wednesday, hitting $118.45. 4,909,125 shares of the company traded hands, compared to its average volume of 4,458,210. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The company has a market cap of $184.17 billion, a PE ratio of 18.80, a PEG ratio of 2.22 and a beta of 0.54. The stock's 50 day moving average price is $125.80 and its 200-day moving average price is $121.07.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to analysts' expectations of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 EPS. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.56%. Philip Morris International's dividend payout ratio is currently 85.71%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PM shares. Deutsche Bank Aktiengesellschaft boosted their target price on Philip Morris International from $118.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Barclays reduced their target price on shares of Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. UBS Group lifted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research note on Wednesday, October 23rd. Citigroup increased their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus restated a "buy" rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $130.39.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Barth sold 7,500 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the sale, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.