Wayfinding Financial LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Wayfinding Financial LLC bought a new position in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,954 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC boosted its holdings in shares of Philip Morris International by 40.9% in the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after buying an additional 6,721,094 shares during the period. Raymond James Financial Inc. acquired a new position in Philip Morris International in the 4th quarter worth approximately $522,214,000. Bank of New York Mellon Corp boosted its stake in Philip Morris International by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. National Bank of Canada FI boosted its stake in Philip Morris International by 161.6% in the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after purchasing an additional 1,200,636 shares during the period. Finally, Bank of Montreal Can boosted its stake in Philip Morris International by 44.0% in the 3rd quarter. Bank of Montreal Can now owns 3,170,549 shares of the company’s stock worth $382,432,000 after purchasing an additional 969,198 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the business’s 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 directly owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PM shares. Barclays raised their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. UBS Group raised their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Stock Down 0.8 %

NYSE PM opened at $151.25 on Friday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The company has a 50 day moving average price of $142.37 and a two-hundred day moving average price of $131.14. The stock has a market capitalization of $235.16 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.57%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

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.