Philip Morris International Inc. (NYSE:PM) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,725 shares of the company's stock after purchasing an additional 6,273 shares during the quarter. Quantbot Technologies LP's holdings in Philip Morris International were worth $4,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewSquare Capital LLC lifted its holdings 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 acquiring an additional 72 shares during the period. Valley Wealth Managers Inc. lifted its stake in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC boosted its holdings in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the fourth quarter worth about $33,000. Finally, Knuff & Co LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

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Insider Activity

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares in the company, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $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 131,822 shares of company stock valued at $19,655,585 in the last ninety days. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Performance

NYSE PM traded up $1.46 during mid-day trading on Friday, reaching $151.95. 5,541,420 shares of the stock were exchanged, compared to its average volume of 5,155,565. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The stock has a market capitalization of $236.26 billion, a PE ratio of 33.69, a PEG ratio of 2.65 and a beta of 0.53. The business's fifty day simple moving average is $139.10 and its 200 day simple moving average is $130.19.

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 negative return on equity of 120.08% and a net margin of 7.89%. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 119.73%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. UBS Group increased 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 note on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays increased their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $144.56.

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.