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

Fourth Dimension Wealth LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,447 shares of the company's stock, valued at approximately $174,000.

Several other hedge funds have also recently added to or reduced their stakes in PM. NewSquare Capital LLC grew its stake in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International in the 4th quarter valued at approximately $33,000. Knuff & Co LLC acquired a new position in Philip Morris International in the 4th quarter valued at approximately $36,000. Sierra Ocean LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $37,000. Finally, Transce3nd LLC acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $41,000. 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 that occurred on Thursday, March 6th. The shares were 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 in the company, valued at $4,103,610.88. This represents 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 through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PM shares. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley reiterated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Barclays boosted their price objective on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $169.20.

Philip Morris International Price Performance

Shares of NYSE PM traded up $0.09 during mid-day trading on Wednesday, hitting $179.32. The company's stock had a trading volume of 1,420,115 shares, compared to its average volume of 5,595,361. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $179.83. The company's fifty day simple moving average is $163.62 and its 200-day simple moving average is $144.64. The stock has a market cap of $279.11 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate 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 company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.01%. Philip Morris International's payout ratio is currently 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.