1,678 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by West Michigan Advisors LLC

West Michigan Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,678 shares of the company's stock, valued at approximately $204,000.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Philip Morris International by 0.4% during the third quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after acquiring an additional 224,840 shares in the last quarter. Geode Capital Management LLC grew its position in Philip Morris International by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock worth $3,886,818,000 after purchasing an additional 621,034 shares during the last quarter. FMR LLC increased its stake in Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Philip Morris International by 21.0% in 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 last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Philip Morris International by 3.0% during the third quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company's stock worth $1,560,752,000 after buying an additional 376,406 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.5 %

Shares of NYSE PM traded down $0.73 during midday trading on Wednesday, reaching $153.22. 4,238,511 shares of the stock were exchanged, compared to its average volume of 5,168,678. The firm has a 50-day simple moving average of $134.82 and a two-hundred day simple moving average of $128.60. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The firm has a market cap of $238.23 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating 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%. Research analysts expect 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 was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's payout ratio is currently 119.73%.

Insider Activity

In related news, 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 value of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock worth $19,092,846 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PM. JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. Stifel Nicolaus increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price of $144.56.

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.