Impact Capital Partners LLC Makes New $242,000 Investment in Philip Morris International Inc. (NYSE:PM)

Impact Capital Partners LLC purchased a new position in Philip Morris International Inc. (NYSE:PMFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,014 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also added to or reduced their stakes in the business. NewSquare Capital LLC raised its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Balboa Wealth Partners raised its holdings in shares of Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after purchasing an additional 74 shares in the last quarter. Investment Advisory Services Inc. TX ADV raised its holdings in shares of Philip Morris International by 3.2% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after purchasing an additional 78 shares in the last quarter. Net Worth Advisory Group raised its holdings in shares of Philip Morris International by 1.2% in the 4th quarter. Net Worth Advisory Group now owns 6,625 shares of the company’s stock valued at $797,000 after purchasing an additional 79 shares in the last quarter. Finally, Intergy Private Wealth LLC raised its holdings in shares of Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 1.0 %

NYSE:PM opened at $151.95 on Friday. The company has a market cap of $236.26 billion, a PE ratio of 33.69, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The company’s 50 day moving average is $139.10 and its two-hundred day moving average is $130.08.

Philip Morris International (NYSE:PMGet Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Insiders Place Their Bets

In other news, CEO Jacek Olczak sold 40,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at $81,495,308.62. This represents a 6.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the company’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 sale, 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 quarter, insiders have sold 131,822 shares of company stock valued at $19,655,585. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PM. Barclays boosted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Read Our Latest Analysis on Philip Morris International

Philip Morris International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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