Tidal Investments LLC Buys 146,563 Shares of Philip Morris International Inc. (NYSE:PM)

Tidal Investments LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 83.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 322,523 shares of the company's stock after purchasing an additional 146,563 shares during the period. Tidal Investments LLC's holdings in Philip Morris International were worth $38,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TrinityPoint Wealth LLC raised its position in Philip Morris International by 1.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 14,831 shares of the company's stock worth $1,785,000 after acquiring an additional 188 shares during the period. Triavera Capital LLC purchased a new stake in shares of Philip Morris International in the 4th quarter worth $8,929,000. True Wealth Design LLC raised its holdings in Philip Morris International by 304.9% in the 4th quarter. True Wealth Design LLC now owns 745 shares of the company's stock worth $90,000 after purchasing an additional 561 shares during the period. State of Wyoming lifted its position in Philip Morris International by 557.4% during the fourth quarter. State of Wyoming now owns 6,850 shares of the company's stock valued at $824,000 after purchasing an additional 5,808 shares in the last quarter. Finally, Steamboat Capital Partners LLC purchased a new position in Philip Morris International during the fourth quarter valued at $1,199,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,822 shares of company stock valued at $18,906,185 in the last 90 days. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Up 0.5%

PM stock traded up $0.93 during midday trading on Tuesday, hitting $174.10. The company's stock had a trading volume of 3,786,472 shares, compared to its average volume of 5,596,760. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $176.49. The company has a 50 day moving average of $161.26 and a two-hundred day moving average of $142.92. The firm has a market capitalization of $270.99 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping 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 firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. On average, 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 paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is currently 111.34%.

Analyst Ratings Changes

A number of brokerages have commented on PM. JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. 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. Citigroup raised their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $166.33.

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.