4,800 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Graver Capital Management LLC

Graver Capital Management LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,800 shares of the company's stock, valued at approximately $578,000. Philip Morris International accounts for approximately 0.6% of Graver Capital Management LLC's investment portfolio, making the stock its 15th largest holding.

Other hedge funds have also modified their holdings of the company. Meridian Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.1% in the 4th 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 period. NewSquare Capital LLC lifted its position in 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 buying an additional 72 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after buying an additional 73 shares in the last quarter. Balboa Wealth Partners grew its position in shares of Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after buying an additional 74 shares during the period. Finally, Cravens & Co Advisors LLC grew its holdings in Philip Morris International by 0.7% in the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company's stock worth $1,210,000 after purchasing an additional 74 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.1%

PM traded up $0.11 during trading on Wednesday, hitting $163.93. 2,304,414 shares of the company traded hands, compared to its average volume of 5,585,200. The company has a market cap of $255.16 billion, a PE ratio of 36.35, a P/E/G ratio of 2.65 and a beta of 0.50. The stock's 50-day simple moving average is $159.35 and its two-hundred day simple moving average is $141.57. 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 quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.29%. Philip Morris International's dividend payout ratio is currently 111.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PM shares. Barclays raised their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus boosted their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Citigroup increased their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Morgan Stanley reissued an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, StockNews.com upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $166.33.

Insider Activity

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,822 shares of company stock worth $18,906,185. Corporate 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.