Philip Morris International Inc. (NYSE:PM) Position Increased by Hutner Capital Management Inc.

Hutner Capital Management Inc. lifted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,790 shares of the company's stock after buying an additional 7,012 shares during the quarter. Philip Morris International makes up approximately 4.5% of Hutner Capital Management Inc.'s portfolio, making the stock its 4th biggest holding. Hutner Capital Management Inc.'s holdings in Philip Morris International were worth $9,242,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PM. Meridian Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after purchasing an additional 70 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after buying an additional 73 shares during 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 last quarter. Finally, Cravens & Co Advisors LLC lifted its position in Philip Morris International by 0.7% during the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company's stock valued at $1,210,000 after acquiring an additional 74 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup upped their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped 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. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the company from $130.00 to $170.00 in a research note on Friday, April 25th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $166.33.

Philip Morris International Stock Up 1.4 %

Shares of NYSE:PM traded up $2.35 during midday trading on Monday, reaching $173.21. The company's stock had a trading volume of 4,543,381 shares, compared to its average volume of 5,553,668. The firm has a market capitalization of $269.60 billion, a PE ratio of 38.41, a P/E/G ratio of 2.65 and a beta of 0.50. The stock has a fifty day moving average of $157.17 and a 200 day moving average of $139.57. Philip Morris International Inc. has a twelve month low of $96.65 and a twelve month high of $173.71.

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. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the company earned $1.50 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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. This represents a $5.40 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Insiders Place Their Bets

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the transaction, the senior vice president now directly owns 30,308 shares of the company's stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction dated 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 owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock valued at $19,655,585 in the last three months. 0.13% of the stock is currently owned by insiders.

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.