Mariner LLC Purchases 14,333 Shares of Philip Morris International Inc. (NYSE:PM)

Mariner LLC boosted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 351,601 shares of the company's stock after acquiring an additional 14,333 shares during the period. Mariner LLC's holdings in Philip Morris International were worth $42,315,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PM. NewSquare Capital LLC increased 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 valued at $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International during the 4th quarter worth approximately $33,000. Knuff & Co LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth $36,000. Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $37,000. Finally, Truvestments Capital LLC lifted its position in Philip Morris International by 113.8% in the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company's stock valued at $43,000 after acquiring an additional 190 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock valued at $19,655,585 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Philip Morris International Trading Up 1.6 %

NYSE PM traded up $2.60 during midday trading on Friday, hitting $163.08. The company had a trading volume of 7,543,615 shares, compared to its average volume of 5,595,825. The company has a market capitalization of $253.83 billion, a PE ratio of 36.16, a P/E/G ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a twelve month low of $91.38 and a twelve month high of $165.00. The firm has a 50-day moving average price of $153.80 and a 200-day moving average price of $135.92.

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

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.31%. Philip Morris International's dividend payout ratio is presently 119.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays boosted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. Finally, Stifel Nicolaus boosted their price objective on Philip Morris International from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $150.78.

About Philip Morris International

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.