Harbour Investments Inc. Buys 605 Shares of Philip Morris International Inc. (NYSE:PM)

Harbour Investments Inc. raised its stake in Philip Morris International Inc. (NYSE:PM) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,410 shares of the company’s stock after buying an additional 605 shares during the period. Harbour Investments Inc.’s holdings in Philip Morris International were worth $1,494,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Philip Morris International by 0.4% during the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock valued at $6,715,237,000 after purchasing an additional 224,840 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock worth $3,886,818,000 after acquiring an additional 621,034 shares in the last quarter. FMR LLC boosted its holdings in Philip Morris International by 40.9% in the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Philip Morris International by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after acquiring an additional 2,785,987 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Philip Morris International by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,422,920 shares of the company’s stock worth $1,615,449,000 after purchasing an additional 190,201 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction on 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 completion of the sale, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company’s stock.

Philip Morris International Trading Down 1.2 %

Shares of NYSE PM opened at $153.79 on Wednesday. The stock has a fifty day simple moving average of $140.44 and a two-hundred day simple moving average of $130.64. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The firm has a market cap of $239.12 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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%. Analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PM. Barclays increased their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.