Caledonia Investments PLC Has $66.29 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Caledonia Investments PLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 704,563 shares of the company's stock after purchasing an additional 55,000 shares during the quarter. Philip Morris International comprises about 8.9% of Caledonia Investments PLC's investment portfolio, making the stock its 5th largest position. Caledonia Investments PLC's holdings in Philip Morris International were worth $66,292,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in Philip Morris International by 100,700.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company's stock valued at $1,582,939,000 after acquiring an additional 15,624,628 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company's stock worth $1,587,542,000 after purchasing an additional 4,304,089 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company's stock worth $2,575,742,000 after purchasing an additional 3,121,732 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Philip Morris International by 1,034.0% in the third quarter. National Bank of Canada FI now owns 3,203,649 shares of the company's stock worth $292,808,000 after purchasing an additional 2,921,136 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Philip Morris International by 122.0% in the first quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company's stock worth $247,294,000 after purchasing an additional 1,446,567 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE:PM traded up $0.75 during midday trading on Tuesday, hitting $91.07. The company's stock had a trading volume of 5,063,060 shares, compared to its average volume of 5,417,720. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92. The firm's 50 day moving average is $91.39 and its 200-day moving average is $92.16. The firm has a market cap of $141.57 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.02 and a beta of 0.61.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The business had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the company posted $1.39 EPS. Philip Morris International's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Philip Morris International Inc. will post 6.39 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be paid a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.71%. Philip Morris International's payout ratio is 103.59%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PM. Argus reaffirmed a "hold" rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group lowered shares of Philip Morris International from a "buy" rating to a "sell" rating and lowered their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Societe Generale raised shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International has a consensus rating of "Hold" and a consensus target price of $105.40.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Philip Morris International 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.