Quantbot Technologies LP Has $4.54 Million Position in Philip Morris International Inc. (NYSE:PM)

Quantbot Technologies LP raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds also recently made changes to their positions in the business. NewSquare Capital LLC boosted its stake in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock valued at $27,000 after acquiring an additional 183 shares during the last quarter. Dunhill Financial LLC lifted its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International during the 4th quarter valued at about $33,000. Finally, Knuff & Co LLC acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $36,000. Institutional investors own 78.63% of the company's stock.

Insider Activity at Philip Morris International

In related news, CFO Emmanuel Babeau sold 30,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the transaction, the chief financial officer now owns 139,105 shares of the company's stock, valued at $20,705,779.25. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares of the company's stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 over the last ninety days. Company insiders own 0.13% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on PM shares. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Morgan Stanley started 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. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

Philip Morris International Price Performance

Shares of PM stock traded up $3.61 during trading hours on Monday, reaching $155.49. 6,676,346 shares of the company were exchanged, compared to its average volume of 6,073,155. The company has a market cap of $241.76 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.65 and a beta of 0.53. The stock's fifty day moving average is $139.10 and its two-hundred day moving average is $130.19. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data 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, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 dividend yield of 3.47%. The ex-dividend date is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) 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.