Thoroughbred Financial Services LLC Purchases 6,451 Shares of Philip Morris International Inc. (NYSE:PM)

Thoroughbred Financial Services LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 89.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,647 shares of the company's stock after buying an additional 6,451 shares during the period. Thoroughbred Financial Services LLC's holdings in Philip Morris International were worth $1,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares during the period. GQG Partners LLC increased its position in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Philip Morris International by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after purchasing an additional 516,617 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Philip Morris International by 21.0% during 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 buying an additional 2,785,987 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PM shares. 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 price objective for the company. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. UBS Group raised 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. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. One equities research 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 data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price of $144.56.

Insider Activity

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were 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 directly owns 106,244 shares of the company's stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % 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 company insiders.

Philip Morris International Stock Performance

NYSE:PM traded up $0.31 during mid-day trading on Monday, hitting $150.93. 9,838,933 shares of the company's stock traded hands, compared to its average volume of 5,538,832. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $163.08. The company has a market cap of $234.93 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The firm's 50 day simple moving average is $149.53 and its 200 day simple moving average is $133.57.

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, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. On average, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Thursday, March 20th. Philip Morris International's dividend payout ratio is presently 119.73%.

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.