Philip Morris International Inc. (NYSE:PM) Holdings Boosted by Parkwood LLC

Parkwood LLC raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,413 shares of the company's stock after purchasing an additional 11,456 shares during the period. Philip Morris International comprises approximately 1.9% of Parkwood LLC's holdings, making the stock its 10th largest holding. Parkwood LLC's holdings in Philip Morris International were worth $17,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PM. Aprio Wealth Management LLC boosted its position in Philip Morris International by 39.0% during the 4th quarter. Aprio Wealth Management LLC now owns 3,915 shares of the company's stock worth $471,000 after acquiring an additional 1,098 shares during the period. Fiduciary Alliance LLC grew its holdings in shares of Philip Morris International by 33.3% during the 4th quarter. Fiduciary Alliance LLC now owns 2,514 shares of the company's stock worth $303,000 after purchasing an additional 628 shares in the last quarter. City State Bank grew its holdings in shares of Philip Morris International by 4.3% during the 4th quarter. City State Bank now owns 2,276 shares of the company's stock worth $274,000 after purchasing an additional 93 shares in the last quarter. Brookstone Capital Management boosted its stake in Philip Morris International by 2.4% in the 4th quarter. Brookstone Capital Management now owns 26,572 shares of the company's stock valued at $3,198,000 after buying an additional 619 shares in the last quarter. Finally, Fragasso Financial Advisors Inc boosted its stake in Philip Morris International by 6.9% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,570 shares of the company's stock valued at $430,000 after buying an additional 229 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 126,822 shares of company stock valued at $18,906,185. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on PM shares. Stifel Nicolaus boosted their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley restated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $166.33.

Philip Morris International Trading Up 0.7%

Shares of PM stock traded up $1.24 during trading on Friday, hitting $170.38. The company's stock had a trading volume of 3,802,405 shares, compared to its average volume of 5,608,683. The company has a market cap of $265.20 billion, a PE ratio of 37.78, a P/E/G ratio of 2.65 and a beta of 0.50. The business has a fifty day moving average of $159.99 and a 200-day moving average of $141.99. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $176.49.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

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.