Philip Morris International Inc. (NYSE:PM) Shares Acquired by National Pension Service

National Pension Service lifted its position in Philip Morris International Inc. (NYSE:PM) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,579,451 shares of the company’s stock after acquiring an additional 533,845 shares during the period. National Pension Service owned 0.23% of Philip Morris International worth $430,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Investment Advisory Services Inc. TX ADV raised its holdings in shares of Philip Morris International by 3.2% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after acquiring an additional 78 shares in the last quarter. Intergy Private Wealth LLC grew its holdings in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares during the last quarter. BKM Wealth Management LLC raised its holdings in Philip Morris International by 3.4% in the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after acquiring an additional 81 shares during the period. Wealthstream Advisors Inc. increased its stake in shares of Philip Morris International by 3.4% in the fourth quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company’s stock worth $297,000 after purchasing an additional 82 shares during the period. Finally, 49 Wealth Management LLC lifted its holdings in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after buying an additional 84 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the 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 completion of the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emmanuel Babeau sold 30,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the transaction, the chief financial officer now directly owns 139,105 shares in the company, valued at approximately $20,705,779.25. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent research reports. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays cut their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Finally, 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 for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $141.22.

Philip Morris International Stock Up 0.7 %

Philip Morris International stock opened at $157.34 on Wednesday. The stock has a market cap of $244.64 billion, a PE ratio of 34.89, a P/E/G ratio of 2.65 and a beta of 0.55. The business’s 50-day moving average price is $131.04 and its two-hundred day moving average price is $127.10. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $158.23.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating 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%. As a group, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

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.