Marshall Investment Management LLC Purchases New Position in Philip Morris International Inc. (NYSE:PM)

Marshall Investment Management LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,049 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. TCW Group Inc. increased its position in shares of Philip Morris International by 2.6% during the fourth quarter. TCW Group Inc. now owns 21,771 shares of the company’s stock valued at $2,620,000 after buying an additional 543 shares during the period. ST. Nicholas Private Asset Management Inc. bought a new stake in Philip Morris International during the fourth quarter worth about $1,331,000. First Horizon Advisors Inc. boosted its stake in Philip Morris International by 1.3% during the fourth quarter. First Horizon Advisors Inc. now owns 217,583 shares of the company’s stock worth $26,186,000 after acquiring an additional 2,849 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in Philip Morris International by 0.7% during the fourth quarter. Pinnacle Financial Partners Inc now owns 142,621 shares of the company’s stock worth $17,180,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Callan Capital LLC boosted its stake in Philip Morris International by 6.8% during the fourth quarter. Callan Capital LLC now owns 3,854 shares of the company’s stock worth $464,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $154.39 on Friday. The firm’s 50 day moving average price is $129.81 and its 200-day moving average price is $126.45. The company has a market cap of $240.05 billion, a PE ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $154.64.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.50%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PM shares. Stifel Nicolaus boosted 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 note on Friday, February 7th. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, UBS Group upped their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Insider Activity at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s 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 sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,143 shares of company stock worth $19,092,846 over the last quarter. Company insiders own 0.13% of the company’s stock.

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.