Picton Mahoney Asset Management Has $104,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Picton Mahoney Asset Management lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 866 shares of the company’s stock after buying an additional 280 shares during the quarter. Picton Mahoney Asset Management’s holdings in Philip Morris International were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PM. NewSquare Capital LLC grew its stake in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Balboa Wealth Partners increased its holdings in shares of Philip Morris International by 2.0% in the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock worth $447,000 after purchasing an additional 74 shares during the period. Investment Advisory Services Inc. TX ADV raised its position in shares of Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after buying an additional 78 shares in the last quarter. Net Worth Advisory Group boosted its stake in Philip Morris International by 1.2% during the fourth quarter. Net Worth Advisory Group now owns 6,625 shares of the company’s stock valued at $797,000 after buying an additional 79 shares during the period. Finally, Intergy Private Wealth LLC grew its position in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after buying an additional 80 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. Barclays lifted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Stifel Nicolaus increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Price Performance

Shares of PM stock opened at $151.95 on Monday. The business has a 50-day moving average of $139.10 and a 200 day moving average of $130.19. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The stock has a market capitalization of $236.26 billion, a PE ratio of 33.69, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.55%. Philip Morris International’s payout ratio is presently 119.73%.

Insider Activity at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last 90 days. Company 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.