XTX Topco Ltd Acquires New Position in Philip Morris International Inc. (NYSE:PM)

XTX Topco Ltd acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,750 shares of the company's stock, valued at approximately $3,219,000.

A number of other hedge funds also recently made changes to their positions in the stock. Range Financial Group LLC lifted its stake in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock valued at $2,758,000 after purchasing an additional 19,127 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after acquiring an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after buying an additional 6,605 shares during the period. Ritholtz Wealth Management boosted its position in Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock worth $6,485,000 after purchasing an additional 18,183 shares during the last quarter. Finally, Czech National Bank grew its position in Philip Morris International by 6.4% during the fourth quarter. Czech National Bank now owns 337,119 shares of the company's stock valued at $40,572,000 after buying an additional 20,390 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Transactions at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction dated 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 completion of the transaction, the chairman now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lars Dahlgren sold 3,679 shares of the company'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 transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, 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 Trading Up 1.6 %

NYSE PM traded up $2.60 during trading hours on Friday, reaching $163.08. The company's stock had a trading volume of 7,543,615 shares, compared to its average volume of 5,589,633. The stock has a market cap of $253.83 billion, a PE ratio of 36.16, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a 52 week low of $90.65 and a 52 week high of $165.00. The business has a 50-day simple moving average of $153.50 and a 200 day simple moving average of $135.62.

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, 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%. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.31%. Philip Morris International's payout ratio is 119.73%.

Wall Street Analyst Weigh In

PM has been the topic of several recent analyst reports. UBS Group raised 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. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Morgan Stanley began 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 objective on the stock. Citigroup upped their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.78.

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.