Quadrant Capital Group LLC Has $1.72 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Quadrant Capital Group LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 14,270 shares of the company’s stock after purchasing an additional 169 shares during the period. Quadrant Capital Group LLC’s holdings in Philip Morris International were worth $1,718,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC boosted its position 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 during the last quarter. Dunhill Financial LLC boosted its position in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the fourth quarter worth approximately $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $36,000. Finally, Sierra Ocean LLC acquired a new position in Philip Morris International in the fourth quarter valued at approximately $37,000. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays raised their price target 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. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Finally, Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. One equities 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $150.47 on Friday. The stock has a market cap of $234.20 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $163.08. The firm’s 50-day simple moving average is $149.12 and its 200 day simple moving average is $133.27.

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

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 3.59%. Philip Morris International’s payout ratio is 119.73%.

Insider Activity

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. This represents a 6.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s 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 sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This represents 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 worth $19,655,585 over the last quarter. 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.