Numerai GP LLC Acquires New Shares in Philip Morris International Inc. (NYSE:PM)

Numerai GP LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,051 shares of the company's stock, valued at approximately $247,000.

Several other institutional investors also recently bought and sold shares of PM. Meridian Wealth Partners LLC lifted its position 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 valued at $214,000 after buying an additional 70 shares in the last quarter. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in 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 worth $437,000 after buying an additional 73 shares in the last quarter. Balboa Wealth Partners raised its holdings in shares of Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock valued at $447,000 after acquiring an additional 74 shares during the last quarter. Finally, Cravens & Co Advisors LLC boosted its stake 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 worth $1,210,000 after buying an additional 74 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This trade represents a 7.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 126,822 shares of company stock valued at $18,906,185 over the last three months. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Up 0.5%

Shares of NYSE PM traded up $0.93 on Tuesday, hitting $174.10. The company had a trading volume of 3,749,988 shares, compared to its average volume of 6,309,001. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $176.49. The firm has a market capitalization of $270.99 billion, a P/E ratio of 38.60, a PEG ratio of 2.65 and a beta of 0.50. The business has a 50 day moving average of $160.79 and a two-hundred day moving average of $142.70.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 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 analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is 111.34%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PM shares. JPMorgan Chase & Co. lifted 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. Stifel Nicolaus increased their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Barclays boosted their target price on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Finally, 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. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $166.33.

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.