Philip Morris International Inc. (NYSE:PM) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 716,633 shares of the company's stock after buying an additional 5,494 shares during the period. Treasurer of the State of North Carolina's holdings in Philip Morris International were worth $86,247,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PM. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $33,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Sierra Ocean LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth $37,000. Finally, Truvestments Capital LLC lifted its position in shares of Philip Morris International by 113.8% during the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company's stock worth $43,000 after purchasing an additional 190 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.8 %

NYSE:PM traded up $2.68 during trading hours on Friday, reaching $153.85. 6,458,822 shares of the company's stock were exchanged, compared to its average volume of 5,569,399. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08. The firm has a market capitalization of $239.47 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.65 and a beta of 0.46. The company has a 50-day moving average of $152.03 and a 200 day moving average of $134.63.

Remove Ads

Philip Morris International (NYSE:PM - Get Free Report) last announced 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%. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Insider Buying and Selling

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last three months. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Stifel Nicolaus raised their price target on Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price on the stock. Barclays upped 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. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $145.44.

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.