Signaturefd LLC Has $3.14 Million Position in Philip Morris International Inc. (NYSE:PM)

Signaturefd LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,079 shares of the company’s stock after acquiring an additional 2,599 shares during the quarter. Signaturefd LLC’s holdings in Philip Morris International were worth $3,139,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Range Financial Group LLC increased its holdings in Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after buying an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after buying an additional 6,605 shares during the last quarter. Ritholtz Wealth Management lifted its position in Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after buying an additional 18,183 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Philip Morris International by 182.4% during the 3rd quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock worth $827,000 after acquiring an additional 4,402 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 2.4 %

Philip Morris International stock opened at $155.49 on Tuesday. The firm has a market capitalization of $241.76 billion, a P/E ratio of 34.48, a PEG ratio of 2.65 and a beta of 0.53. The business has a 50-day moving average of $139.79 and a 200-day moving average of $130.42. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.47%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Barclays upped their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Insiders Place Their Bets

In related news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated 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 approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,822 shares of company stock worth $19,655,585. Corporate insiders own 0.13% of the company’s stock.

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.