111 Capital Invests $1.84 Million in Philip Morris International Inc. (NYSE:PM)

111 Capital bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,276 shares of the company's stock, valued at approximately $1,838,000.

Several other hedge funds have also added to or reduced their stakes in the stock. NewSquare Capital LLC lifted its holdings 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 purchasing an additional 72 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at $36,000. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International during the fourth quarter valued at $36,000. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at $36,000. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PM. Needham & Company LLC started coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Citigroup upped their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $169.20.

Philip Morris International Stock Up 1.6%

PM traded up $2.87 during midday trading on Friday, reaching $180.74. The company had a trading volume of 8,505,072 shares, compared to its average volume of 5,634,442. The business has a 50-day moving average of $164.70 and a two-hundred day moving average of $145.23. The company has a market cap of $281.32 billion, a P/E ratio of 40.08, 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 $181.29.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 earnings per share. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is 111.34%.

Insiders Place Their Bets

In other news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.