Driehaus Capital Management LLC Purchases New Shares in Philip Morris International Inc. (NYSE:PM)

Driehaus Capital Management LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,266 shares of the company's stock, valued at approximately $513,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares during the last quarter. Capital World Investors raised its stake in Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares during the last quarter. GQG Partners LLC raised its position in Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC raised its position in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after buying an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Philip Morris International by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after buying an additional 516,617 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Morgan Stanley restated an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Stifel Nicolaus raised their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Barclays boosted their price target on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised 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 issued a buy rating to the company. 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 Stock Performance

Shares of NYSE:PM traded down $5.08 on Monday, hitting $164.62. 10,006,392 shares of the company's stock were exchanged, compared to its average volume of 5,589,229. The company has a market capitalization of $256.23 billion, a PE ratio of 36.50, a P/E/G ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $176.49. The firm's 50-day moving average is $158.92 and its 200 day moving average is $141.18.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the firm earned $1.50 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business 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 of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.28%. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Insider Transactions at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the company's 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 represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now directly owns 561,349 shares of the company's stock, valued at $83,674,681.94. The trade was a 6.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last three months. 0.13% of the stock is currently owned by insiders.

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.