Philip Morris International Inc. (NYSE:PM) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,826 shares of the company's stock after acquiring an additional 16,035 shares during the quarter. Park Avenue Securities LLC's holdings in Philip Morris International were worth $12,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PM. FMR LLC boosted its stake in shares of Philip Morris International by 40.9% in the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. National Bank of Canada FI grew its position in shares of Philip Morris International by 161.6% during the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock valued at $235,936,000 after purchasing an additional 1,200,636 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Philip Morris International by 14,611.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock worth $142,467,000 after acquiring an additional 1,165,554 shares during the last quarter. Finally, Wulff Hansen & CO. raised its holdings in shares of Philip Morris International by 10,033.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,039,646 shares of the company's stock worth $105,347,000 after acquiring an additional 1,029,386 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insiders Place Their Bets

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

Philip Morris International Trading Down 0.0 %

Shares of PM traded down $0.02 during midday trading on Wednesday, reaching $118.45. 5,372,084 shares of the stock were exchanged, compared to its average volume of 4,459,081. The company has a market capitalization of $184.17 billion, a P/E ratio of 18.80, a PEG ratio of 2.22 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The company's 50 day moving average is $125.80 and its two-hundred day moving average 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 (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analysts' expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Dividend Announcement

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

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Stifel Nicolaus reissued a "buy" rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Citigroup lifted their target price on 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, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $130.39.

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.