4,900 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Yoffe Investment Management LLC

Yoffe Investment Management LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,900 shares of the company's stock, valued at approximately $590,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 1,167,810 shares in the last quarter. Capital World Investors boosted its position in shares of 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 purchasing an additional 4,216,586 shares in the last quarter. GQG Partners LLC boosted its position in shares of Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after purchasing an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Philip Morris International by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after purchasing an additional 516,617 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Activity

In other news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PM. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus boosted their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Citigroup upped their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Barclays upped their price objective on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $169.20.

Philip Morris International Stock Performance

NYSE:PM traded up $2.87 during mid-day trading on Friday, reaching $180.74. 8,505,072 shares of the company's stock were exchanged, compared to its average volume of 5,634,405. The business's fifty day simple moving average is $165.26 and its two-hundred day simple moving average is $145.62. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $181.36. The firm has a market capitalization of $281.32 billion, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given 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 yield of 2.99%. Philip Morris International's dividend payout ratio is presently 111.34%.

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.