NEOS Investment Management LLC Has $11.25 Million Holdings in Philip Morris International Inc. (NYSE:PM)

NEOS Investment Management LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 31.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,484 shares of the company's stock after acquiring an additional 22,399 shares during the quarter. NEOS Investment Management LLC's holdings in Philip Morris International were worth $11,251,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Dunhill Financial LLC lifted its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International during the fourth quarter worth about $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International in the 4th quarter worth about $36,000. Finally, Sierra Ocean LLC purchased a new stake in Philip Morris International in the 4th quarter valued at about $37,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's 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 directly owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company's stock, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. Corporate insiders own 0.13% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research firms have recently issued reports on PM. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. UBS Group upped their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. Barclays boosted their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $144.56.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $2.78 during trading on Monday, hitting $157.94. The stock had a trading volume of 1,798,177 shares, compared to its average volume of 5,983,890. The business has a fifty day moving average of $145.83 and a two-hundred day moving average of $132.19. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The firm has a market cap of $245.57 billion, a P/E ratio of 35.02, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.42%. Philip Morris International's dividend payout ratio is 119.73%.

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.