Philip Morris International Inc. (NYSE:PM) Stock Holdings Raised by Gabelli Funds LLC

Gabelli Funds LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,350 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Gabelli Funds LLC’s holdings in Philip Morris International were worth $35,425,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Meridian Wealth Partners LLC increased its holdings in shares of Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after acquiring an additional 70 shares during the last quarter. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Philip Morris International by 2.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after purchasing an additional 73 shares during the period. Balboa Wealth Partners lifted its position in shares of Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after buying an additional 74 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its holdings in shares of Philip Morris International by 3.5% in the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock valued at $268,000 after buying an additional 75 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Up 2.4 %

NYSE:PM opened at $157.52 on Tuesday. The business’s 50-day moving average price is $152.56 and its 200 day moving average price is $134.99. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $163.08. The firm has a market cap of $245.18 billion, a P/E ratio of 34.93, a PEG ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS 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%. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.43%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays lifted their target price 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. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus upped their target price on shares of Philip Morris International from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, April 10th. One 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 company. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $145.44.

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.