Curio Wealth LLC Acquires Shares of 400 Philip Morris International Inc. (NYSE:PM)

Curio Wealth LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 400 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC grew its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares in 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 acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International during the 4th quarter valued at approximately $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at approximately $36,000. Finally, Sierra Ocean LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at approximately $37,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 2.4 %

Shares of NYSE:PM opened at $155.49 on Tuesday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The company has a market capitalization of $241.76 billion, a PE ratio of 34.48, a PEG ratio of 2.65 and a beta of 0.53. The business has a 50 day moving average of $139.79 and a two-hundred day moving average of $130.42.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) 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%. Equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal 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 given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity

In other news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. Stifel Nicolaus increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

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.