Versant Capital Management Inc Has $569,000 Position in Philip Morris International Inc. (NYSE:PM)

Versant Capital Management Inc grew its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 119.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,587 shares of the company's stock after buying an additional 1,956 shares during the period. Versant Capital Management Inc's holdings in Philip Morris International were worth $569,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PM. Omnia Family Wealth LLC grew its stake in shares of Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after purchasing an additional 65 shares during the last quarter. Meridian Wealth Partners LLC grew its stake in shares of Philip Morris International by 4.1% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after purchasing an additional 70 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of Philip Morris International by 53.7% during 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 during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Philip Morris International by 2.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after purchasing an additional 73 shares during the last quarter. Finally, Balboa Wealth Partners grew its stake in shares of Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock valued at $447,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Insiders Place Their Bets

In related news, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Up 1.6%

NYSE PM traded up $2.87 during trading hours on Friday, hitting $180.74. The company's stock had a trading volume of 8,505,072 shares, compared to its average volume of 5,626,797. The stock has a fifty day moving average of $165.26 and a 200 day moving average of $145.62. The firm 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. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $181.36.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The company 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 business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.50 earnings per share. On average, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 2.99%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday. Needham & Company LLC assumed coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Two investment analysts have 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 presently has an average rating of "Moderate Buy" and a consensus target price of $169.20.

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.