Yoffe Investment Management LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,900 shares of the company's stock, valued at approximately $590,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PM. Vanguard Group Inc. lifted its holdings in Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after acquiring an additional 1,167,810 shares during the period. State Street Corp raised its position in shares of Philip Morris International by 0.4% in the third quarter. State Street Corp now owns 54,711,621 shares of the company's stock worth $6,715,237,000 after acquiring an additional 224,840 shares during the period. GQG Partners LLC boosted its stake in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Philip Morris International by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after purchasing an additional 516,617 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.
Philip Morris International Price Performance
Shares of PM stock traded up $0.31 during trading hours on Monday, hitting $150.93. The company had a trading volume of 9,838,933 shares, compared to its average volume of 5,538,831. The stock has a market capitalization of $234.93 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The company's fifty day moving average is $149.12 and its 200 day moving average is $133.35. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $163.08.
Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates 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%. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.
Philip Morris International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 119.73%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on PM. UBS Group upped their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Barclays increased 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. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $144.56.
Check Out Our Latest Analysis on PM
Insiders Place Their Bets
In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the business'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 sale, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last ninety days. 0.13% of the stock is owned by corporate insiders.
About Philip Morris International
(
Free Report)
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.
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