Philip Morris International Inc. (NYSE:PM) Shares Acquired by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,945 shares of the company’s stock after acquiring an additional 176 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Philip Morris International were worth $40,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FourThought Financial Partners LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $760,000. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $1,934,083,000 after purchasing an additional 2,785,987 shares during the period. Mengis Capital Management Inc. increased its holdings in shares of Philip Morris International by 0.9% in the 4th quarter. Mengis Capital Management Inc. now owns 44,462 shares of the company’s stock valued at $5,351,000 after purchasing an additional 390 shares during the period. BankPlus Trust Department acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $303,000. Finally, Rothschild Investment LLC increased its holdings in shares of Philip Morris International by 0.6% in the 4th quarter. Rothschild Investment LLC now owns 17,265 shares of the company’s stock valued at $2,078,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PM. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Morgan Stanley assumed 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $141.22.

Philip Morris International Stock Performance

Philip Morris International stock opened at $156.13 on Tuesday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $156.63. The stock has a market capitalization of $242.76 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The stock has a fifty day moving average of $130.42 and a 200-day moving average of $126.81.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.46%. Philip Morris International’s payout ratio is presently 119.73%.

Insider Activity at Philip Morris International

In other news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Werner Barth sold 10,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 in the last quarter. Company insiders own 0.14% 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.