Jump Financial LLC Has $3.45 Million Position in Philip Morris International Inc. (NYSE:PM)

Jump Financial LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 86.3% during the 4th quarter, HoldingsChannel reports. The firm owned 28,645 shares of the company’s stock after selling 180,357 shares during the period. Jump Financial LLC’s holdings in Philip Morris International were worth $3,447,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC grew its stake in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $33,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $36,000. Sierra Ocean LLC bought a new stake in Philip Morris International during the 4th quarter worth $37,000. Finally, Truvestments Capital LLC increased its holdings in Philip Morris International by 113.8% in the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company’s stock worth $43,000 after purchasing an additional 190 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.6 %

PM stock opened at $163.08 on Friday. The firm has a market cap of $253.83 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.65 and a beta of 0.46. The company’s fifty day simple moving average is $153.50 and its 200 day simple moving average is $135.62. Philip Morris International Inc. has a 12-month low of $90.65 and a 12-month high of $165.00.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 EPS 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%. Research analysts expect 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 Thursday, April 10th. Investors of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.31%. Philip Morris International’s payout ratio is presently 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred 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 owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PM. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Barclays lifted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target 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 price target on shares of Philip Morris International from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.78.

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.