Philip Morris International Inc. (NYSE:PM) Shares Acquired by 1ST Source Bank

1ST Source Bank lifted its stake in Philip Morris International Inc. (NYSE:PM) by 9.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,988 shares of the company’s stock after acquiring an additional 246 shares during the quarter. 1ST Source Bank’s holdings in Philip Morris International were worth $360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Range Financial Group LLC boosted its holdings in Philip Morris International by 504.9% in the fourth 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 Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares during the period. CWA Asset Management Group LLC boosted its holdings in Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after purchasing an additional 6,605 shares during the period. Ritholtz Wealth Management boosted its holdings in Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock valued at $6,485,000 after purchasing an additional 18,183 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in Philip Morris International by 182.4% in the third quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock valued at $827,000 after purchasing an additional 4,402 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock opened at $155.49 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The company has a market capitalization of $241.76 billion, a P/E ratio of 34.48, a PEG ratio of 2.65 and a beta of 0.53. The stock has a 50-day simple moving average of $139.79 and a 200-day simple moving average of $130.42.

Philip Morris International (NYSE:PM) last posted 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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current 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 given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 139,105 shares in the company, valued at $20,705,779.25. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 in the last quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PM shares. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS Group lifted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average price target of $144.56.

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.