2,118 Shares in Philip Morris International Inc. (NYSE:PM) Bought by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, HoldingsChannel reports. The firm purchased 2,118 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC raised its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the last quarter. Dunhill Financial LLC increased its position in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at about $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $36,000. Finally, Sierra Ocean LLC bought a new stake in shares of Philip Morris International in the fourth quarter worth about $37,000. 78.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares in the company, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $155.17 on Friday. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The firm has a market cap of $241.27 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.65 and a beta of 0.53. The company has a 50-day moving average of $145.83 and a 200 day moving average of $132.10.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s payout ratio is 119.73%.

Wall Street Analyst Weigh In

A number of research analysts have commented on PM shares. Barclays upped their price target on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. 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 raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $144.56.

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.