GTS Securities LLC Has $1.79 Million Stake in Philip Morris International Inc. (NYSE:PM)

GTS Securities LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,900 shares of the company's stock after selling 10,153 shares during the quarter. GTS Securities LLC's holdings in Philip Morris International were worth $1,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Meridian Wealth Partners LLC grew its stake in shares of Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after acquiring an additional 70 shares in the last quarter. NewSquare Capital LLC grew its stake in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Philip Morris International by 2.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after buying an additional 73 shares in the last quarter. Balboa Wealth Partners grew its stake in Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after buying an additional 74 shares in the last quarter. Finally, Cravens & Co Advisors LLC grew its stake in Philip Morris International by 0.7% during the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company's stock worth $1,210,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PM shares. Barclays increased their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley reiterated an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Needham & Company LLC started coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $169.20.

Insiders Place Their Bets

In other news, insider Lars Dahlgren sold 3,679 shares of the firm'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 transaction of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. This trade represents a 12.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Up 0.6%

Shares of PM stock traded up $1.04 on Tuesday, reaching $179.23. The company had a trading volume of 5,847,071 shares, compared to its average volume of 5,611,928. The business's 50-day moving average is $163.08 and its 200 day moving average is $144.39. The stock has a market capitalization of $278.97 billion, a PE ratio of 39.74, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $179.79.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business earned $1.50 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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