Philip Morris International Inc. (NYSE:PM) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 5,605.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,957 shares of the company's stock after acquiring an additional 8,800 shares during the quarter. New Age Alpha Advisors LLC's holdings in Philip Morris International were worth $1,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. AssuredPartners Investment Advisors LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth approximately $1,825,000. NEOS Investment Management LLC grew its position in Philip Morris International by 31.5% during the 4th quarter. NEOS Investment Management LLC now owns 93,484 shares of the company's stock worth $11,251,000 after purchasing an additional 22,399 shares during the last quarter. WINTON GROUP Ltd grew its position in Philip Morris International by 41.8% during the 4th quarter. WINTON GROUP Ltd now owns 5,632 shares of the company's stock worth $678,000 after purchasing an additional 1,660 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Philip Morris International by 4.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,252,159 shares of the company's stock valued at $150,697,000 after purchasing an additional 51,764 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Philip Morris International by 5.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,695,142 shares of the company's stock valued at $572,901,000 after buying an additional 237,543 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

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Philip Morris International Trading Up 3.9 %

Shares of NYSE PM traded up $6.04 during midday trading on Thursday, reaching $162.21. 10,578,161 shares of the stock were exchanged, compared to its average volume of 5,490,957. The stock has a 50 day moving average price of $147.92 and a 200-day moving average price of $132.82. The company has a market capitalization of $252.21 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $163.04.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PM shares. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.56.

Insider Transactions at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the company'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 completion of the transaction, the chief executive officer now owns 547,426 shares of the company's stock, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last three months. Company insiders own 0.13% of the company's stock.

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.