74,189 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Triavera Capital LLC

Triavera Capital LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 74,189 shares of the company's stock, valued at approximately $8,929,000. Philip Morris International comprises approximately 4.9% of Triavera Capital LLC's portfolio, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of PM. Vanguard Group Inc. lifted its position in Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares during the last quarter. Capital World Investors boosted its position in Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the period. GQG Partners LLC grew its holdings in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC grew its holdings in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after acquiring an additional 516,617 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Transactions at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,822 shares of company stock valued at $18,906,185 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Up 0.5%

Philip Morris International stock traded up $0.93 on Tuesday, hitting $174.10. 3,786,472 shares of the stock traded hands, compared to its average volume of 5,596,760. The firm has a market cap of $270.99 billion, a P/E ratio of 38.60, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The business's fifty day simple moving average is $161.26 and its 200 day simple moving average is $142.92. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $176.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results 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. 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 period in the prior year, the firm earned $1.50 EPS. The company's revenue was up 5.8% compared to the same quarter last year. As a group, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.10%. Philip Morris International's payout ratio is 111.34%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Barclays lifted their price objective on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Citigroup boosted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, StockNews.com raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $166.33.

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.