Moore Capital Management LP Makes New $1.10 Million Investment in Philip Morris International Inc. (NYSE:PM)

Moore Capital Management LP purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,114 shares of the company's stock, valued at approximately $1,097,000.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC increased its holdings in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth $33,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth $36,000. Sierra Ocean LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $37,000. Finally, Transce3nd LLC acquired a new position in Philip Morris International in the 4th quarter valued at $41,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PM. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Stifel Nicolaus lifted their price target 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, Morgan Stanley reissued an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $166.33.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $1.24 during trading on Friday, hitting $170.38. 3,802,405 shares of the stock were exchanged, compared to its average volume of 5,603,936. The company has a market capitalization of $265.20 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $176.49. The company's fifty day simple moving average is $159.99 and its 200-day simple moving average is $141.99.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping 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 the consensus estimate of $9.10 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given 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 3.17%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Insider Activity

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares of the company's stock, valued at $81,495,308.62. This represents a 6.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emmanuel Babeau sold 30,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the completion of the transaction, the chief financial officer now directly owns 139,105 shares of the company's stock, valued at approximately $20,705,779.25. This represents a 17.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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.