2,602 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Finward Bancorp

Finward Bancorp acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,602 shares of the company's stock, valued at approximately $313,000.

Other large investors have also made changes to their positions in the company. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring 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 approximately $33,000. Knuff & Co LLC acquired a new position in Philip Morris International during the fourth quarter worth $36,000. Sierra Ocean LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $37,000. Finally, Truvestments Capital LLC increased its position in shares of Philip Morris International by 113.8% during the fourth quarter. Truvestments Capital LLC now owns 357 shares of the company's stock worth $43,000 after purchasing an additional 190 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 over the last 90 days. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Stifel Nicolaus upped their price target on Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price objective 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. Citigroup lifted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, UBS Group raised their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $150.78.

Philip Morris International Stock Down 0.5 %

NYSE:PM traded down $0.77 on Monday, reaching $162.44. 1,418,048 shares of the company's stock were exchanged, compared to its average volume of 5,567,290. The business has a fifty day moving average of $153.80 and a 200-day moving average of $136.15. Philip Morris International Inc. has a 52-week low of $92.94 and a 52-week high of $165.00. The firm has a market capitalization of $252.84 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors 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 3.32%. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

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.