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

Quadrant Capital Group LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other institutional investors also recently made changes to their positions in the company. Range Financial Group LLC boosted its stake in Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after purchasing an additional 19,127 shares during the period. Park Avenue Securities LLC boosted its position in shares of Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after acquiring an additional 16,035 shares during the period. CWA Asset Management Group LLC boosted its position in shares of Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after acquiring an additional 6,605 shares during the period. Ritholtz Wealth Management grew its stake in shares of Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock valued at $6,485,000 after acquiring an additional 18,183 shares in the last quarter. Finally, Czech National Bank increased its position in Philip Morris International by 6.4% during the fourth quarter. Czech National Bank now owns 337,119 shares of the company’s stock worth $40,572,000 after acquiring an additional 20,390 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus increased their target price 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. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, UBS Group boosted their price target 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

Philip Morris International Trading Down 7.2 %

PM stock opened at $150.47 on Friday. The firm has a 50-day moving average price of $149.12 and a 200-day moving average price of $133.27. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $163.08. The stock has a market capitalization of $234.20 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 net margin of 7.89% and a negative return on equity of 120.08%. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. Philip Morris International’s payout ratio is presently 119.73%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the transaction, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

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.