3,560 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Maridea Wealth Management LLC

Maridea Wealth Management LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,560 shares of the company’s stock, valued at approximately $428,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Slagle Financial LLC lifted its holdings in shares of Philip Morris International by 11.0% during the fourth quarter. Slagle Financial LLC now owns 32,458 shares of the company’s stock worth $3,906,000 after purchasing an additional 3,228 shares during the period. denkapparat Operations GmbH acquired a new position in Philip Morris International during the 4th quarter worth about $255,000. Orion Portfolio Solutions LLC grew its position in shares of Philip Morris International by 2.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 193,451 shares of the company’s stock valued at $23,282,000 after buying an additional 3,910 shares during the last quarter. New Age Alpha Advisors LLC increased its stake in shares of Philip Morris International by 5,605.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 8,957 shares of the company’s stock valued at $1,078,000 after buying an additional 8,800 shares during the period. Finally, AssuredPartners Investment Advisors LLC bought a new position in shares of Philip Morris International during the fourth quarter worth about $1,825,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company’s stock, valued at $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The sale 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 the stock in a transaction 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 completion of the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $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 sold a total of 131,822 shares of company stock valued at $19,655,585 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased 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 report on Tuesday, February 18th. Stifel Nicolaus lifted 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 note on Friday, February 7th. Barclays upped their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $155.17 on Friday. The business has a 50-day simple moving average of $145.83 and a 200 day simple moving average of $132.14. The firm has a market capitalization of $241.27 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $159.51.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio 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.