ABC Arbitrage SA Invests $1.57 Million in Philip Morris International Inc. (NYSE:PM)

ABC Arbitrage SA purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,048 shares of the company’s stock, valued at approximately $1,570,000.

Several other hedge funds also recently modified their holdings of the business. Valeo Financial Advisors LLC boosted its holdings in Philip Morris International by 0.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 40,190 shares of the company’s stock valued at $4,837,000 after purchasing an additional 281 shares during the period. GFG Capital LLC bought a new stake in Philip Morris International in the 4th quarter valued at $227,000. Pictet North America Advisors SA boosted its holdings in Philip Morris International by 2.2% in the 4th quarter. Pictet North America Advisors SA now owns 27,982 shares of the company’s stock valued at $3,368,000 after purchasing an additional 589 shares during the period. Banque Pictet & Cie SA boosted its holdings in Philip Morris International by 0.8% in the 4th quarter. Banque Pictet & Cie SA now owns 171,327 shares of the company’s stock valued at $20,619,000 after purchasing an additional 1,367 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in Philip Morris International by 24.9% in the 4th quarter. V Square Quantitative Management LLC now owns 5,176 shares of the company’s stock valued at $623,000 after purchasing an additional 1,032 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 1.0 %

Shares of Philip Morris International stock opened at $150.60 on Friday. The stock has a market capitalization of $234.16 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company has a 50-day simple moving average of $127.07 and a 200 day simple moving average of $124.89. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $151.22.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is presently 119.73%.

Analyst Ratings Changes

PM has been the subject of a number of research reports. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. UBS Group raised their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Barclays reduced their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.56.

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.