Fourth Dimension Wealth LLC Invests $174,000 in Philip Morris International Inc. (NYSE:PM)

Fourth Dimension Wealth LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,447 shares of the company's stock, valued at approximately $174,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth about $522,214,000. Kovitz Investment Group Partners LLC lifted its stake in shares of Philip Morris International by 372.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after purchasing an additional 4,298,530 shares in the last quarter. Capital World Investors lifted its stake in shares of Philip Morris International by 3.6% during the fourth 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. Finally, Geode Capital Management LLC lifted its stake in shares of Philip Morris International by 9.9% during the fourth 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. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PM. Citigroup boosted their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. 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. Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.20.

Insider Activity

In other news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

Philip Morris International Trading Up 0.6%

Philip Morris International stock traded up $1.04 during midday trading on Tuesday, hitting $179.23. The stock had a trading volume of 5,815,628 shares, compared to its average volume of 5,611,922. The stock has a market cap of $278.97 billion, a P/E ratio of 39.74, a P/E/G ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $179.79. The business has a fifty day moving average price of $163.08 and a 200 day moving average price of $144.39.

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 for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 earnings per share. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

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.