Philip Morris International Inc. (NYSE:PM) Shares Bought by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,500 shares of the company’s stock after buying an additional 1,500 shares during the period. Philip Morris International comprises approximately 1.2% of Anthracite Investment Company Inc.’s holdings, making the stock its 20th biggest position. Anthracite Investment Company Inc.’s holdings in Philip Morris International were worth $3,550,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PM. Meridian Wealth Partners LLC grew its position in shares of Philip Morris International by 4.1% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after acquiring an additional 70 shares during the last quarter. NewSquare Capital LLC grew its position in 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 purchasing an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake 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 purchasing an additional 73 shares during the period. Balboa Wealth Partners raised its holdings in shares of 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 during the last quarter. Finally, Centurion Wealth Management LLC boosted its position in shares of Philip Morris International by 3.5% during the fourth quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock worth $268,000 after buying an additional 75 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PM. Stifel Nicolaus raised their target price 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. UBS Group upped their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Trading Up 0.5 %

Shares of PM opened at $152.37 on Wednesday. The business’s 50-day moving average price is $143.74 and its 200 day moving average price is $131.59. The stock has a market capitalization of $236.91 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping 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%. On average, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm 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 dividend of $1.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.54%. Philip Morris International’s dividend payout ratio is 119.73%.

Philip Morris International Company 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.