Sculptor Capital LP Invests $7.22 Million in Philip Morris International Inc. (NYSE:PM)

Sculptor Capital LP bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,000 shares of the company's stock, valued at approximately $7,221,000.

Other large investors have also bought and sold shares of the company. GQG Partners LLC grew its stake in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after buying an additional 6,092,558 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Philip Morris International in the fourth quarter valued at $522,214,000. Kovitz Investment Group Partners LLC lifted its holdings in Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock valued at $656,303,000 after purchasing an additional 4,298,530 shares during the last quarter. Capital World Investors lifted its holdings in Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company's stock, valued at $83,674,681.94. This trade represents a 6.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lars Dahlgren sold 3,679 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now directly owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This trade represents a 12.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,822 shares of company stock valued at $18,906,185. 0.13% of the stock is currently owned by insiders.

Philip Morris International Trading Up 0.5%

NYSE PM traded up $0.93 during trading on Tuesday, hitting $174.10. 3,786,472 shares of the company's stock were exchanged, compared to its average volume of 5,596,760. The company has a market cap of $270.99 billion, a PE ratio of 38.60, a P/E/G ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $176.49. The stock's 50 day moving average price is $160.79 and its two-hundred day moving average price is $142.70.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 111.34%.

Wall Street Analysts Forecast Growth

PM has been the subject of several research reports. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Barclays lifted their target price on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.33.

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.