Jacobs & Co. CA Takes $226,000 Position in Philip Morris International Inc. (NYSE:PM)

Jacobs & Co. CA purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,430 shares of the company's stock, valued at approximately $226,000.

Other institutional investors have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Philip Morris International by 23.3% during the fourth 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. raised its stake in Philip Morris International by 11.6% during the fourth 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 holdings in shares of Philip Morris International by 80.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock valued at $922,000 after purchasing an additional 3,425 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP bought a new position in shares of Philip Morris International during the fourth quarter valued at approximately $1,966,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Activity

In other news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction 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 sale, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. This represents a 12.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PM. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Citigroup upped their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. 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 report on Thursday, April 24th. Finally, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $169.20.

Philip Morris International Stock Up 1.6%

NYSE PM traded up $2.87 on Friday, reaching $180.74. 8,505,072 shares of the stock traded hands, compared to its average volume of 5,634,405. The firm's fifty day simple moving average is $165.26 and its 200 day simple moving average is $145.62. The company has a market cap of $281.32 billion, a price-to-earnings ratio of 40.08, 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 $181.36.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 120.08% and a net margin of 7.89%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company posted $1.50 EPS. The firm's quarterly revenue 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 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 given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.99%. 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.