Philip Morris International Inc. (NYSE:PM) Position Increased by Waverly Advisors LLC

Waverly Advisors LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,761 shares of the company's stock after acquiring an additional 4,852 shares during the quarter. Waverly Advisors LLC's holdings in Philip Morris International were worth $3,341,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PM. NewSquare Capital LLC boosted its holdings 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 during the period. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International in the fourth quarter valued at $36,000. Sierra Ocean LLC acquired a new stake in Philip Morris International in the fourth quarter valued at $37,000. Finally, Transce3nd LLC acquired a new stake in Philip Morris International in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Activity

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated 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 owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on PM shares. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Barclays raised their price target on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $169.20.

Philip Morris International Stock Performance

PM traded up $3.00 during trading on Friday, reaching $178.23. The company's stock had a trading volume of 6,162,362 shares, compared to its average volume of 5,610,981. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $178.70. The company's fifty day moving average price is $162.60 and its 200-day moving average price is $143.76. The company 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 (NYSE:PM - Get Free Report) last announced its quarterly 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 negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. Equities 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 paid 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 3.03%. Philip Morris International's dividend payout ratio is presently 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.