Huber Capital Management LLC Purchases 5,000 Shares of Philip Morris International Inc. (NYSE:PM)

Huber Capital Management LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,859 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Philip Morris International accounts for approximately 2.6% of Huber Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Huber Capital Management LLC’s holdings in Philip Morris International were worth $12,981,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. NewSquare Capital LLC raised its position in shares of 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 buying an additional 72 shares during the last quarter. Dunhill Financial LLC raised its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $33,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Sierra Ocean LLC acquired a new position in shares of Philip Morris International in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM opened at $156.24 on Thursday. The stock has a market capitalization of $242.93 billion, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The company’s 50 day simple moving average is $147.92 and its 200-day simple moving average is $132.82. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS 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 given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio is 119.73%.

Analysts Set New Price Targets

Several brokerages have issued reports on PM. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Barclays upped their price objective 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. UBS Group boosted their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Insider Activity at Philip Morris International

In other Philip Morris International news, CFO Emmanuel Babeau sold 30,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 139,105 shares of the company’s stock, valued at approximately $20,705,779.25. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 over the last ninety days. Company insiders own 0.13% of the company’s stock.

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.