Quinn Opportunity Partners LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,500 shares of the company's stock after selling 22,880 shares during the period. Quinn Opportunity Partners LLC's holdings in Philip Morris International were worth $7,642,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Range Financial Group LLC lifted its holdings in Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after acquiring an additional 19,127 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after purchasing an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after purchasing an additional 6,605 shares during the period. Ritholtz Wealth Management increased its position in shares of Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock worth $6,485,000 after purchasing an additional 18,183 shares during the last quarter. Finally, Czech National Bank raised its holdings in Philip Morris International by 6.4% in the 4th quarter. Czech National Bank now owns 337,119 shares of the company's stock valued at $40,572,000 after buying an additional 20,390 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.
Philip Morris International Stock Up 2.4 %
Philip Morris International stock traded up $3.63 during mid-day trading on Monday, hitting $157.52. The company had a trading volume of 5,904,290 shares, compared to its average volume of 5,570,940. The business has a fifty day moving average of $152.03 and a 200 day moving average of $134.73. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $163.08. The stock has a market cap of $245.18 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 2.65 and a beta of 0.46.
Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS 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%. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.43%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is currently 119.73%.
Analyst Ratings Changes
A number of brokerages have weighed in on PM. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Barclays increased their target price 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, Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average price target of $145.44.
Check Out Our Latest Stock Analysis on Philip Morris International
Insider Buying and Selling at Philip Morris International
In related news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.
Philip Morris International Company Profile
(
Free Report)
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.
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