Philip Morris International Inc. (NYSE:PM) Shares Bought by SWS Partners

SWS Partners increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,206 shares of the company's stock after purchasing an additional 2,989 shares during the quarter. SWS Partners' holdings in Philip Morris International were worth $2,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Chicago Partners Investment Group LLC increased its holdings in shares of Philip Morris International by 3.7% in the third quarter. Chicago Partners Investment Group LLC now owns 8,474 shares of the company's stock worth $1,114,000 after purchasing an additional 299 shares during the last quarter. Optas LLC bought a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $268,000. Pure Financial Advisors LLC grew its holdings in shares of Philip Morris International by 7.9% in the third quarter. Pure Financial Advisors LLC now owns 6,621 shares of the company's stock valued at $804,000 after purchasing an additional 482 shares in the last quarter. Lansing Street Advisors increased its position in Philip Morris International by 5.4% in the third quarter. Lansing Street Advisors now owns 4,180 shares of the company's stock worth $507,000 after purchasing an additional 213 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Philip Morris International by 133.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 69,206 shares of the company's stock valued at $8,402,000 after purchasing an additional 39,574 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 106,244 shares of the company's stock, valued at $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now owns 30,308 shares of the company's stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,143 shares of company stock valued at $19,092,846. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Down 0.5 %

Shares of PM traded down $0.73 during mid-day trading on Wednesday, reaching $153.22. The company had a trading volume of 4,186,446 shares, compared to its average volume of 5,165,021. The stock has a market capitalization of $238.23 billion, a P/E ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53. The stock has a 50 day moving average of $134.22 and a two-hundred day moving average of $128.43. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 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%. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Barclays upped 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. StockNews.com downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, 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 report on Friday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.56.

Philip Morris International 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.