WINTON GROUP Ltd Acquires 1,660 Shares of Philip Morris International Inc. (NYSE:PM)

WINTON GROUP Ltd grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 41.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,632 shares of the company's stock after buying an additional 1,660 shares during the quarter. WINTON GROUP Ltd's holdings in Philip Morris International were worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Philip Morris International by 4.8% in 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 boosted its position in Philip Morris International by 4.8% in the third quarter. Fred Alger Management LLC now owns 32,390 shares of the company's stock valued at $3,932,000 after buying an additional 1,492 shares in the last quarter. L.M. Kohn & Company increased its holdings in shares of Philip Morris International by 37.9% during the third quarter. L.M. Kohn & Company now owns 9,832 shares of the company's stock worth $1,194,000 after buying an additional 2,700 shares in the last quarter. Acropolis Investment Management LLC lifted its stake in shares of Philip Morris International by 7.3% in the 3rd quarter. Acropolis Investment Management LLC now owns 1,470 shares of the company's stock valued at $178,000 after acquiring an additional 100 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in Philip Morris International by 144.5% during the 3rd quarter. Edgestream Partners L.P. now owns 13,172 shares of the company's stock worth $1,599,000 after acquiring an additional 7,784 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

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Philip Morris International Stock Performance

Shares of PM stock traded down $0.65 during trading hours on Tuesday, hitting $158.08. 4,428,983 shares of the company were exchanged, compared to its average volume of 5,478,539. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.87. The company has a 50 day simple moving average of $146.57 and a two-hundred day simple moving average of $132.43. The firm has a market cap of $245.79 billion, a P/E ratio of 35.05, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, sell-side 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 declared 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 of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.42%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of 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 lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.56.

Philip Morris International Company 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.