Banque Transatlantique SA Invests $1.86 Million in Philip Morris International Inc. (NYSE:PM)

Banque Transatlantique SA bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,572 shares of the company's stock, valued at approximately $1,864,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in Philip Morris International by 53.7% in the fourth 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. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter worth approximately $33,000. Knuff & Co LLC bought a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Sierra Ocean LLC purchased a new position in Philip Morris International during the fourth quarter valued at approximately $37,000. Finally, Transce3nd LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $41,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the topic of a number of analyst reports. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their target price for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Stifel Nicolaus boosted their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. StockNews.com raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $166.33.

Philip Morris International Trading Down 1.2 %

Shares of NYSE:PM traded down $2.03 during trading on Friday, reaching $169.97. The company's stock had a trading volume of 2,590,297 shares, compared to its average volume of 5,550,972. The firm's 50 day simple moving average is $158.61 and its two-hundred day simple moving average is $140.79. Philip Morris International Inc. has a 12 month low of $98.19 and a 12 month high of $176.49. The stock has a market capitalization of $264.56 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.18%. Philip Morris International's payout ratio is 111.34%.

Insider Buying and Selling

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares of the company's stock, valued at $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were 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 owns 30,308 shares of the company's stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. Insiders own 0.13% of the company's stock.

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.