Fire Capital Management LLC Takes $1.31 Million Position in Philip Morris International Inc. (NYSE:PM)

Fire Capital Management LLC purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,900 shares of the company's stock, valued at approximately $1,312,000.

Other institutional investors have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund grew its position in Philip Morris International by 23.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock valued at $6,828,000 after buying an additional 10,703 shares in the last quarter. Empire Life Investments Inc. grew its position in Philip Morris International by 11.6% in the 4th quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock valued at $11,364,000 after buying an additional 9,789 shares in the last quarter. Game Plan Financial Advisors LLC grew its position in Philip Morris International by 80.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock valued at $922,000 after buying an additional 3,425 shares in the last quarter. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Finally, Symmetry Investments LP bought a new position in Philip Morris International in the 4th quarter valued at about $1,966,000. Institutional investors own 78.63% of the company's stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction 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 sale, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $2.87 during midday trading on Friday, hitting $180.74. The company had a trading volume of 8,505,072 shares, compared to its average volume of 5,626,797. The business's 50 day simple moving average is $165.26 and its two-hundred day simple moving average is $145.77. The stock has a market cap of $281.32 billion, a PE 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 $181.36.

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, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $1.50 earnings per share. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Barclays increased their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.20.

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.