Hillsdale Investment Management Inc. Has $729,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Hillsdale Investment Management Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 91.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,061 shares of the company’s stock after acquiring an additional 2,890 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Philip Morris International were worth $729,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. State Street Corp grew its holdings in shares of Philip Morris International by 0.4% during the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock valued at $6,715,237,000 after purchasing an additional 224,840 shares during the last quarter. Geode Capital Management LLC boosted its position in Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock valued at $3,886,818,000 after buying an additional 621,034 shares in the last quarter. FMR LLC grew its stake in shares of Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after buying an additional 6,721,094 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Philip Morris International by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after buying an additional 2,785,987 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Philip Morris International by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,422,920 shares of the company’s stock valued at $1,615,449,000 after acquiring an additional 190,201 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.8 %

PM opened at $151.25 on Monday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The company has a fifty day moving average of $142.37 and a 200-day moving average of $131.22. The stock has a market cap of $235.16 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

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, 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%. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PM. Stifel Nicolaus boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. UBS Group lifted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $144.56.

Insiders Place Their Bets

In related news, 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 transaction, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction 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. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. Corporate insiders own 0.13% of the company’s stock.

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.