Philip Morris International Inc. (NYSE:PM) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 874,884 shares of the company's stock after acquiring an additional 35,941 shares during the period. Toronto Dominion Bank owned 0.06% of Philip Morris International worth $105,291,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC grew its stake in shares of Philip Morris International by 53.7% in the 4th 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. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International in the 4th quarter worth $33,000. Knuff & Co LLC purchased a new position in shares of Philip Morris International in the 4th quarter worth $36,000. Sierra Ocean LLC purchased a new stake in shares of Philip Morris International in the fourth quarter valued at $37,000. Finally, Transce3nd LLC purchased a new position in shares of Philip Morris International during the 4th quarter worth about $41,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $166.33.

Insider Activity at Philip Morris International

In other Philip Morris International news, CFO Emmanuel Babeau sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the transaction, the chief financial officer now owns 139,105 shares in the company, valued at approximately $20,705,779.25. This represents a 17.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81% 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 three months. 0.13% of the stock is owned by insiders.

Philip Morris International Trading Up 0.5%

Shares of PM traded up $0.93 during mid-day 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. The company's 50-day moving average is $161.26 and its 200-day moving average is $142.92. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $176.49. The firm has a market capitalization of $270.99 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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 3.10%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is currently 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.