Philip Morris International Inc. (NYSE:PM) Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,020 shares of the company's stock after buying an additional 3,437 shares during the period. Phoenix Financial Ltd.'s holdings in Philip Morris International were worth $2,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PM. GQG Partners LLC grew its position in shares of Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Philip Morris International in the fourth quarter worth $522,214,000. Geode Capital Management LLC increased its stake in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Philip Morris International by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock valued at $1,934,083,000 after acquiring an additional 2,785,987 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Philip Morris International by 9.6% during the 4th quarter. Franklin Resources Inc. now owns 14,249,131 shares of the company's stock valued at $1,714,883,000 after acquiring an additional 1,248,561 shares during the period. 78.63% of the stock is currently owned by institutional investors.

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Philip Morris International Price Performance

NYSE PM traded up $3.63 during midday trading on Monday, hitting $157.52. 5,904,290 shares of the company traded hands, compared to its average volume of 5,570,940. The company's 50-day simple moving average is $152.03 and its 200-day simple moving average is $134.73. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $163.08. The company has a market cap of $245.18 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46.

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 (EPS) for the quarter, beating the consensus estimate 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, research analysts predict 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 announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PM shares. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. UBS Group boosted their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research report on Friday, February 7th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Barclays lifted their price objective 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. 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 research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.44.

Insider Buying and Selling

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business's stock in a transaction dated 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 transaction, the chairman now owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by corporate insiders.

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.