Philip Morris International Inc. (NYSE:PM) Shares Acquired by Slagle Financial LLC

Slagle Financial LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,458 shares of the company's stock after purchasing an additional 3,228 shares during the period. Philip Morris International comprises 1.8% of Slagle Financial LLC's holdings, making the stock its 17th biggest position. Slagle Financial LLC's holdings in Philip Morris International were worth $3,906,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Range Financial Group LLC boosted its position in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock worth $12,134,000 after purchasing an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Philip Morris International by 37.5% during the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after buying an additional 6,605 shares during the period. Ritholtz Wealth Management increased its position in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock valued at $6,485,000 after acquiring an additional 18,183 shares during the period. Finally, Czech National Bank raised its stake in Philip Morris International by 6.4% in the 4th quarter. Czech National Bank now owns 337,119 shares of the company's stock worth $40,572,000 after acquiring an additional 20,390 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the 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 sale, the chairman now directly owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was 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. The trade was a 6.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last quarter. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Down 0.5 %

Shares of Philip Morris International stock traded down $0.75 on Tuesday, hitting $157.99. 1,444,045 shares of the company were exchanged, compared to its average volume of 5,466,981. The company has a 50-day moving average price of $146.57 and a 200 day moving average price of $132.43. The stock has a market capitalization of $245.64 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.87.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 net margin of 7.89% and a negative return on equity of 120.08%. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS 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. Investors of record on Thursday, March 20th will be paid 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 3.42%. Philip Morris International's payout ratio is 119.73%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PM shares. UBS Group boosted their price target 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. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. Stifel Nicolaus boosted their target price 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. Finally, StockNews.com downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. 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 stock. According to data from MarketBeat.com, the company presently 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.