StoneX Group Inc. Has $4.89 Million Stake in Philip Morris International Inc. (NYSE:PM)

StoneX Group Inc. boosted its position in 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 40,242 shares of the company's stock after purchasing an additional 9,614 shares during the quarter. StoneX Group Inc.'s holdings in Philip Morris International were worth $4,891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Range Financial Group LLC boosted its position in shares of 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 period. Park Avenue Securities LLC raised 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 boosted its holdings in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after purchasing an additional 6,605 shares during the period. Ritholtz Wealth Management grew 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 in the last quarter. Finally, Czech National Bank increased its holdings in shares of Philip Morris International by 6.4% during the fourth quarter. Czech National Bank now owns 337,119 shares of the company's stock worth $40,572,000 after purchasing an additional 20,390 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. 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 report on Friday, March 14th. Finally, Barclays upped their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $144.56.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $6.04 during midday trading on Thursday, hitting $162.21. 10,578,322 shares of the company traded hands, compared to its average volume of 5,490,968. The firm's fifty day moving average price is $147.92 and its 200-day moving average price is $132.82. The stock has a market cap of $252.21 billion, a price-to-earnings ratio of 35.97, 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 $163.04.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates 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%. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.33%. Philip Morris International's payout ratio is presently 119.73%.

Insider Buying and Selling at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

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.