TCTC Holdings LLC Increases Stake in Philip Morris International Inc. (NYSE:PM)

TCTC Holdings LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,520 shares of the company’s stock after acquiring an additional 669 shares during the quarter. TCTC Holdings LLC’s holdings in Philip Morris International were worth $21,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. Signaturefd LLC grew its holdings in Philip Morris International by 11.1% during the 4th quarter. Signaturefd LLC now owns 26,079 shares of the company’s stock worth $3,139,000 after acquiring an additional 2,599 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Philip Morris International by 27.2% in the 4th quarter. Parallel Advisors LLC now owns 18,942 shares of the company’s stock valued at $2,280,000 after purchasing an additional 4,046 shares during the last quarter. Cibc World Markets Corp raised its position in shares of Philip Morris International by 35.3% in the 4th quarter. Cibc World Markets Corp now owns 469,043 shares of the company’s stock valued at $56,449,000 after purchasing an additional 122,448 shares during the last quarter. Gray Wealth Management Inc. raised its position in shares of Philip Morris International by 2.3% in the 4th quarter. Gray Wealth Management Inc. now owns 4,314 shares of the company’s stock valued at $519,000 after purchasing an additional 95 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

Shares of NYSE PM opened at $151.95 on Monday. The stock has a market capitalization of $236.26 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $159.51. The firm’s 50 day simple moving average is $139.10 and its 200-day simple moving average is $130.19.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 net margin of 7.89% and a negative return on equity of 120.08%. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a $1.35 dividend. 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 3.55%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PM. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group increased 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. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One equities research 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.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $144.56.

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.