Sapient Capital LLC Invests $4.09 Million in Philip Morris International Inc. (NYSE:PM)

Sapient Capital LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 43,476 shares of the company's stock, valued at approximately $4,090,000.

Other institutional investors also recently modified their holdings of the company. Studio Investment Management LLC boosted its holdings in Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company's stock valued at $43,000 after purchasing an additional 108 shares during the period. PFG Investments LLC raised its position in shares of Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company's stock worth $560,000 after buying an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in Philip Morris International by 3.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company's stock valued at $277,000 after buying an additional 110 shares during the period. CGC Financial Services LLC boosted its stake in Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company's stock valued at $137,000 after buying an additional 110 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company's stock worth $3,412,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm's 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Massimo Andolina sold 8,250 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company's stock, valued at $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,250 shares of company stock worth $1,411,128. Insiders own 0.13% of the company's stock.

Philip Morris International Price Performance

Philip Morris International stock traded down $0.56 during mid-day trading on Friday, hitting $88.87. The company's stock had a trading volume of 5,516,104 shares, compared to its average volume of 5,485,271. The business has a 50 day moving average price of $91.27 and a 200-day moving average price of $92.10. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.92. The stock has a market cap of $138.15 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion during the quarter, compared to analysts' expectations of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 EPS. On average, equities research analysts expect that Philip Morris International Inc. will post 6.39 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 103.59%.

Analyst Ratings Changes

PM has been the subject of a number of research analyst reports. Argus reiterated a "hold" rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Finally, UBS Group lowered shares of Philip Morris International from a "buy" rating to a "sell" rating and decreased their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $105.40.

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.