7,829 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Rahlfs Capital LLC

Rahlfs Capital LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,829 shares of the company's stock, valued at approximately $942,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% in 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 last quarter. Dunhill Financial LLC raised 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 worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International during the fourth quarter valued at $33,000. Knuff & Co LLC bought a new stake in Philip Morris International during the fourth quarter valued at about $36,000. Finally, Sierra Ocean LLC purchased a new stake in Philip Morris International in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $0.31 during trading on Monday, reaching $150.93. 9,838,933 shares of the stock traded hands, compared to its average volume of 5,538,832. The company has a market capitalization of $234.93 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $163.08. The business has a fifty day simple moving average of $149.53 and a two-hundred day simple moving average of $133.57.

Remove Ads

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (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 predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.58%. Philip Morris International's dividend payout ratio (DPR) is currently 119.73%.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Werner Barth sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the sale, the insider now owns 106,244 shares in the company, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 over the last 90 days. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PM shares. Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price objective on the stock. 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. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $144.56.

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.