Numerai GP LLC Purchases New Shares in Philip Morris International Inc. (NYSE:PM)

Numerai GP LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,051 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds have also recently bought and sold shares of the company. Meridian Wealth Partners LLC boosted its holdings in 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 purchasing an additional 70 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position 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 valued at $437,000 after acquiring an additional 73 shares during the last quarter. Balboa Wealth Partners lifted its holdings in Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after acquiring an additional 74 shares during the period. Finally, Cravens & Co Advisors LLC boosted its position in Philip Morris International by 0.7% in the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock worth $1,210,000 after purchasing an additional 74 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 547,426 shares of the company’s stock, 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 126,822 shares of company stock valued at $18,906,185 over the last three months. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Trading Up 3.0%

Shares of Philip Morris International stock opened at $168.93 on Friday. The company’s 50-day moving average price is $159.99 and its 200-day moving average price is $141.99. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $176.49. The company has a market cap of $262.94 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Barclays upped their price objective 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. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $166.33.

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.