8,500 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Shay Capital LLC

Shay Capital LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,500 shares of the company’s stock, valued at approximately $1,023,000.

A number of other large investors also recently bought and sold shares of PM. Meridian Wealth Partners LLC boosted its stake in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after buying an additional 73 shares during the period. Balboa Wealth Partners boosted its stake in Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after buying an additional 74 shares in the last quarter. Finally, Cravens & Co Advisors LLC boosted its stake in Philip Morris International by 0.7% during the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock valued at $1,210,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $168.93 on Friday. The stock has a market cap of $262.94 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $176.49. The stock’s 50-day moving average is $159.99 and its two-hundred day moving average is $141.99.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s payout ratio is currently 111.34%.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was 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. This trade represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,822 shares of company stock valued at $18,906,185 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays upped their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Citigroup raised their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, Stifel Nicolaus raised their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.33.

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.