Y Intercept Hong Kong Ltd Has $5.31 Million Stake in Philip Morris International Inc. (NYSE:PM)

Y Intercept Hong Kong Ltd grew its position in Philip Morris International Inc. (NYSE:PM) by 526.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,110 shares of the company’s stock after purchasing an additional 37,074 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Philip Morris International were worth $5,309,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Dakota Wealth Management increased its position in shares of Philip Morris International by 10.2% in the third quarter. Dakota Wealth Management now owns 23,282 shares of the company’s stock valued at $2,827,000 after acquiring an additional 2,149 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth approximately $218,000. Allworth Financial LP increased its position in shares of Philip Morris International by 23.3% during the 3rd quarter. Allworth Financial LP now owns 60,234 shares of the company’s stock worth $7,312,000 after purchasing an additional 11,399 shares during the last quarter. Parcion Private Wealth LLC increased its position in shares of Philip Morris International by 11.7% during the 3rd quarter. Parcion Private Wealth LLC now owns 2,830 shares of the company’s stock worth $344,000 after purchasing an additional 296 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Philip Morris International by 16.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,698 shares of the company’s stock worth $13,955,000 after purchasing an additional 16,154 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.9 %

Philip Morris International stock opened at $154.39 on Monday. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $154.64. The stock’s 50 day moving average is $129.81 and its 200-day moving average is $126.52. The company has a market capitalization of $240.05 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. UBS Group boosted their price target 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. Finally, Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $141.22.

Insiders Place Their Bets

In related news, insider Werner Barth sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the sale, the insider now owns 106,244 shares of the company’s stock, valued at $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock worth $19,092,846 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

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.