6,002 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,002 shares of the company's stock, valued at approximately $722,000.

A number of other hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC grew its position in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares in the last quarter. Dunhill Financial LLC boosted its stake in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock valued at $29,000 after acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the 4th quarter worth $33,000. Knuff & Co LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth about $36,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insiders Place Their Bets

In related news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. The trade was 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 available at the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the company'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 completion of the sale, the senior vice president now directly 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. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

PM has been the topic of several research reports. 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 note on Wednesday, February 26th. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. UBS Group boosted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target on the stock. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price of $144.56.

Philip Morris International Stock Performance

Shares of NYSE:PM traded down $11.60 during trading hours on Friday, hitting $150.47. The stock had a trading volume of 11,946,492 shares, compared to its average volume of 5,521,053. The stock's fifty day simple moving average is $149.12 and its 200 day simple moving average is $133.27. The firm has a market capitalization of $234.20 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08.

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, beating 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%. As a group, research analysts anticipate 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. Shareholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.59%. Philip Morris International's payout ratio is 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.