Philip Morris International Inc. (NYSE:PM) Shares Acquired by J. Goldman & Co LP

J. Goldman & Co LP raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 291.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,304 shares of the company's stock after purchasing an additional 6,930 shares during the quarter. J. Goldman & Co LP's holdings in Philip Morris International were worth $1,120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. NewSquare Capital LLC lifted its stake 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 last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth about $33,000. Knuff & Co LLC bought a new position in Philip Morris International during the 4th quarter valued at about $36,000. Sierra Ocean LLC bought a new position in Philip Morris International during the 4th quarter valued at about $37,000. Finally, Transce3nd LLC bought a new position in shares of Philip Morris International in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the sale, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at $81,495,308.62. This trade represents a 6.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This represents a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,822 shares of company stock worth $18,906,185 over the last quarter. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target 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. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, StockNews.com upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.33.

Philip Morris International Price Performance

Shares of NYSE:PM traded up $0.75 during trading on Friday, hitting $169.89. The company's stock had a trading volume of 1,646,947 shares, compared to its average volume of 6,348,871. The company has a 50-day moving average of $159.99 and a 200-day moving average of $141.99. 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 cap of $264.44 billion, a price-to-earnings ratio of 37.67, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results 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 net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the firm posted $1.50 earnings per share. Philip Morris International's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.18%. Philip Morris International's payout ratio is 111.34%.

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.