Philip Morris International Inc. (NYSE:PM) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,276,790 shares of the company's stock after purchasing an additional 516,617 shares during the quarter. Wellington Management Group LLP owned about 1.11% of Philip Morris International worth $2,079,262,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PM. Rockefeller Capital Management L.P. increased its stake in Philip Morris International by 4.8% during the third quarter. Rockefeller Capital Management L.P. now owns 208,989 shares of the company's stock worth $25,342,000 after acquiring an additional 9,500 shares during the last quarter. Fred Alger Management LLC raised its stake in shares of Philip Morris International by 4.8% in the 3rd quarter. Fred Alger Management LLC now owns 32,390 shares of the company's stock valued at $3,932,000 after acquiring an additional 1,492 shares during the period. Acropolis Investment Management LLC boosted its position in Philip Morris International by 7.3% during the 3rd quarter. Acropolis Investment Management LLC now owns 1,470 shares of the company's stock worth $178,000 after purchasing an additional 100 shares during the period. Edgestream Partners L.P. increased its holdings in Philip Morris International by 144.5% in the 3rd quarter. Edgestream Partners L.P. now owns 13,172 shares of the company's stock valued at $1,599,000 after purchasing an additional 7,784 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its position in Philip Morris International by 9.2% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 4,508 shares of the company's stock valued at $547,000 after purchasing an additional 381 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

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Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $5.77 during trading on Thursday, reaching $161.94. The company had a trading volume of 7,390,815 shares, compared to its average volume of 5,479,574. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $163.04. The firm's fifty day moving average is $147.92 and its 200-day moving average is $132.82. The company has a market cap of $251.79 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 negative return on equity of 120.08% and a net margin of 7.89%. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed 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. This represents a $5.40 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is presently 119.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PM shares. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, UBS Group upped their price objective on shares of 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $144.56.

Insider Buying and Selling at Philip Morris International

In other news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock worth $19,655,585 over the last 90 days. Insiders own 0.13% of the company's stock.

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.