Philip Morris International Inc. (NYSE:PM) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 31.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,002 shares of the company's stock after acquiring an additional 2,631 shares during the quarter. Smartleaf Asset Management LLC's holdings in Philip Morris International were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its position in Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after buying an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Philip Morris International by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the last quarter. National Bank of Canada FI boosted its holdings in Philip Morris International by 161.6% in the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock worth $235,936,000 after purchasing an additional 1,200,636 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock valued at $142,467,000 after acquiring an additional 1,165,554 shares during the period. Institutional investors own 78.63% of the company's stock.

Insiders Place Their Bets

In other Philip Morris International news, CFO Emmanuel Babeau sold 30,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the transaction, the chief financial officer now directly owns 139,105 shares in the company, valued at $20,705,779.25. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was 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 approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,143 shares of company stock worth $19,092,846. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Down 0.5 %

Shares of NYSE PM traded down $0.73 during trading hours on Wednesday, hitting $153.22. 4,238,511 shares of the stock were exchanged, compared to its average volume of 5,169,419. The company has a market cap of $238.23 billion, a PE ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51. The firm has a fifty day moving average price of $134.22 and a 200-day moving average price of $128.43.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.52%. Philip Morris International's dividend payout ratio is presently 119.73%.

Wall Street Analyst Weigh In

PM has been the topic of several analyst reports. Barclays lifted their target price 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. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. UBS Group boosted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.56.

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.