Philip Morris International Inc. (NYSE:PM) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 286.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,218 shares of the company's stock after acquiring an additional 27,582 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Philip Morris International were worth $4,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Philip Morris International by 23.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock worth $6,828,000 after purchasing an additional 10,703 shares during the last quarter. Empire Life Investments Inc. grew its holdings in shares of Philip Morris International by 11.6% in the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock worth $11,364,000 after purchasing an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of Philip Morris International by 80.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock worth $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% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $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 in the fourth quarter worth about $1,966,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.6%

Shares of NYSE:PM traded up $2.87 during trading on Friday, reaching $180.74. The stock had a trading volume of 8,505,072 shares, compared to its average volume of 5,634,405. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $181.36. The company has a market capitalization of $281.32 billion, a P/E ratio of 40.08, a PEG ratio of 2.65 and a beta of 0.50. The firm's 50-day simple moving average is $165.26 and its 200 day simple moving average is $145.62.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is currently 111.34%.

Insider Activity at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the 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 directly 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 document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PM. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday. Stifel Nicolaus increased their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Barclays increased their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.20.

Philip Morris International Company 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.