Philip Morris International Inc. (NYSE:PM) Stake Lifted by Curi RMB Capital LLC

Curi RMB Capital LLC boosted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 35.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,939 shares of the company's stock after purchasing an additional 28,164 shares during the quarter. Curi RMB Capital LLC's holdings in Philip Morris International were worth $12,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Range Financial Group LLC boosted its holdings in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after purchasing an additional 19,127 shares during the last quarter. Park Avenue Securities LLC grew its position in Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after acquiring an additional 16,035 shares during the period. CWA Asset Management Group LLC increased its stake in Philip Morris International by 37.5% during the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after acquiring an additional 6,605 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock worth $6,485,000 after purchasing an additional 18,183 shares during the period. Finally, Czech National Bank lifted its stake in shares of Philip Morris International by 6.4% in the 4th quarter. Czech National Bank now owns 337,119 shares of the company's stock valued at $40,572,000 after purchasing an additional 20,390 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.3 %

NYSE PM traded down $0.49 during mid-day trading on Friday, reaching $169.59. 3,487,701 shares of the company's stock traded hands, compared to its average volume of 5,550,128. Philip Morris International Inc. has a 1-year low of $94.42 and a 1-year high of $171.63. The company has a fifty day simple moving average of $155.09 and a 200-day simple moving average of $137.22. The company has a market cap of $263.96 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during 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 quarter last year, the company earned $1.50 earnings per share. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.18%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction on 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 owns 20,799 shares of the company's stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares of the company's stock, valued at approximately $81,495,308.62. The trade was a 6.81 % 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 valued at $19,655,585. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PM. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their price target for the company from $130.00 to $170.00 in a report on Friday. Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company 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 note on Friday, March 14th. Finally, Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average 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.