Algert Global LLC Acquires 3,928 Shares of Philip Morris International Inc. (NYSE:PM)

Algert Global LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,940 shares of the company's stock after buying an additional 3,928 shares during the period. Algert Global LLC's holdings in Philip Morris International were worth $5,890,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. NewSquare Capital LLC grew its holdings in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at approximately $33,000. Knuff & Co LLC purchased a new position in Philip Morris International in the fourth quarter worth $36,000. Sierra Ocean LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $37,000. Finally, Transce3nd LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Citigroup upped their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Barclays boosted their price target on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.33.

Philip Morris International Stock Performance

Shares of NYSE:PM traded down $2.39 during midday trading on Friday, hitting $169.61. The company's stock had a trading volume of 4,733,416 shares, compared to its average volume of 5,565,801. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $176.49. The company has a market cap of $264.00 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The business's 50 day simple moving average is $158.61 and its 200 day simple moving average is $140.79.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The company's revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Insider Buying and Selling

In related news, SVP Yann Guerin sold 2,500 shares of the business's 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 completion of the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 over the last three months. 0.13% of the stock is currently owned by company insiders.

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.