Philip Morris International Inc. (NYSE:PM) Shares Bought by Bayesian Capital Management LP

Bayesian Capital Management LP increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 473.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,300 shares of the company's stock after acquiring an additional 30,800 shares during the period. Bayesian Capital Management LP's holdings in Philip Morris International were worth $4,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. NewSquare Capital LLC grew its position in 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 period. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at about $33,000. Knuff & Co LLC purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Sierra Ocean LLC acquired a new position in Philip Morris International in the 4th quarter worth about $37,000. Finally, Transce3nd LLC acquired a new stake in Philip Morris International in the fourth quarter valued at approximately $41,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their target price 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. Citigroup increased their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.33.

Philip Morris International Trading Down 1.2 %

NYSE PM traded down $2.03 on Friday, reaching $169.97. 2,590,297 shares of the company were exchanged, compared to its average volume of 5,550,972. Philip Morris International Inc. has a fifty-two week low of $98.19 and a fifty-two week high of $176.49. The stock has a market capitalization of $264.56 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The business's fifty day moving average price is $158.61 and its 200 day moving average price is $140.79.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.18%. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Insider Buying and Selling at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction that occurred on 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 directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their position. 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 quarter. 0.13% of the stock is currently owned by company insiders.

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.