22,488 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,488 shares of the company's stock, valued at approximately $2,706,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the fourth quarter valued at $33,000. Knuff & Co LLC bought a new stake in Philip Morris International in the fourth quarter valued at $36,000. Sierra Ocean LLC bought a new stake in Philip Morris International in the fourth quarter valued at $37,000. Finally, Transce3nd LLC acquired a new position in shares of Philip Morris International during the fourth quarter valued at about $41,000. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of Philip Morris International in a report on Thursday. They set a "buy" rating for the company. Morgan Stanley reiterated an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $130.00 to $170.00 in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $169.20.

Philip Morris International Stock Up 1.7%

Philip Morris International stock traded up $3.00 during midday trading on Friday, hitting $178.23. 6,162,362 shares of the stock were exchanged, compared to its average volume of 5,604,753. The stock has a market capitalization of $277.41 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth 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 $178.70. The business's 50-day moving average price is $162.60 and its 200-day moving average price is $143.76.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 business had revenue of $9.30 billion for 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%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. On average, 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. Shareholders of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, March 20th. Philip Morris International's dividend payout ratio is 111.34%.

Insiders Place Their Bets

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated 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 of the company's stock, valued at approximately $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

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.