Resolute Advisors LLC Invests $242,000 in Philip Morris International Inc. (NYSE:PM)

Resolute Advisors LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,986 shares of the company's stock, valued at approximately $242,000.

Several other hedge funds have also recently made changes to their positions in the company. Yoffe Investment Management LLC bought a new position in Philip Morris International in the 4th quarter worth about $590,000. Huber Capital Management LLC lifted its stake in Philip Morris International by 4.9% in the fourth quarter. Huber Capital Management LLC now owns 107,859 shares of the company's stock worth $12,981,000 after purchasing an additional 5,000 shares during the last quarter. Uniting Wealth Partners LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at about $722,000. Grant Private Wealth Management Inc bought a new position in Philip Morris International during the 4th quarter worth approximately $225,000. Finally, Arete Wealth Advisors LLC grew its holdings in shares of Philip Morris International by 7.0% in the fourth quarter. Arete Wealth Advisors LLC now owns 10,370 shares of the company's stock worth $1,249,000 after purchasing an additional 682 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PM has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. Finally, Barclays raised their price target 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.56.

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Insider Buying and Selling

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock valued at $19,655,585 over the last 90 days. Company insiders own 0.13% of the company's stock.

Philip Morris International Trading Up 0.2 %

PM traded up $0.31 during trading on Monday, reaching $150.93. The stock had a trading volume of 9,838,933 shares, compared to its average volume of 5,538,831. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $163.08. 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. The stock's 50 day moving average is $149.12 and its two-hundred day moving average is $133.35.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 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.