Prostatis Group LLC Buys New Position in Philip Morris International Inc. (NYSE:PM)

Prostatis Group LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,785 shares of the company's stock, valued at approximately $215,000.

Other hedge funds have also recently bought and sold shares of the company. Omnia Family Wealth LLC raised its position in Philip Morris International by 1.7% in the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after buying an additional 65 shares during the last quarter. Meridian Wealth Partners LLC raised its position in Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after buying an additional 70 shares during the last quarter. NewSquare Capital LLC raised its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after purchasing an additional 73 shares in the last quarter. Finally, Balboa Wealth Partners grew its stake in Philip Morris International by 2.0% in the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock valued at $447,000 after purchasing an additional 74 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Philip Morris International Price Performance

PM stock traded up $2.87 during midday trading on Friday, reaching $180.74. 8,505,072 shares of the stock were exchanged, compared to its average volume of 5,626,797. The stock has a market capitalization 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 52 week low of $98.93 and a 52 week high of $181.36. The company has a fifty day moving average price of $165.26 and a 200 day moving average price of $145.77.

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 for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. 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%.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, Stifel Nicolaus raised their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $169.20.

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.