Commerzbank Aktiengesellschaft FI Purchases 932 Shares of Philip Morris International Inc. (NYSE:PM)

Commerzbank Aktiengesellschaft FI grew its position in Philip Morris International Inc. (NYSE:PM) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,166 shares of the company’s stock after purchasing an additional 932 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Philip Morris International were worth $380,000 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 boosted its position in shares of Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after purchasing an additional 78 shares during the period. Intergy Private Wealth LLC boosted its position in shares of Philip Morris International by 4.3% in the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after purchasing an additional 80 shares during the period. BKM Wealth Management LLC boosted its position in shares of Philip Morris International by 3.4% in the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after purchasing an additional 81 shares during the period. Detalus Advisors LLC lifted its holdings in shares of Philip Morris International by 2.6% in the fourth quarter. Detalus Advisors LLC now owns 3,231 shares of the company’s stock worth $389,000 after buying an additional 81 shares in the last quarter. Finally, Wealthstream Advisors Inc. lifted its holdings 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 buying an additional 82 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.5 %

Philip Morris International stock opened at $153.22 on Thursday. The company 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. The firm’s fifty day moving average is $134.82 and its 200 day moving average is $128.60. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Analyst Ratings Changes

Several research firms have recently commented on PM. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus boosted their target price 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. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. UBS Group boosted their target price 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. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Insider Activity

In other news, SVP Yann Guerin sold 2,500 shares of the company’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 in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.13% of the stock is currently owned by company insiders.

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.