Doheny Asset Management CA Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Doheny Asset Management CA increased its position in Philip Morris International Inc. (NYSE:PM) by 79.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,530 shares of the company’s stock after acquiring an additional 6,455 shares during the period. Philip Morris International makes up about 1.3% of Doheny Asset Management CA’s portfolio, making the stock its 24th biggest holding. Doheny Asset Management CA’s holdings in Philip Morris International were worth $1,749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in shares of Philip Morris International by 3.4% during the 3rd quarter. Harbour Investments Inc. now owns 11,805 shares of the company’s stock valued at $1,433,000 after buying an additional 387 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Philip Morris International during the 3rd quarter valued at about $749,000. KBC Group NV raised its stake in shares of Philip Morris International by 3.5% during the 3rd quarter. KBC Group NV now owns 119,592 shares of the company’s stock valued at $14,518,000 after buying an additional 4,001 shares during the last quarter. Lifeworks Advisors LLC raised its stake in shares of Philip Morris International by 2.6% during the 3rd quarter. Lifeworks Advisors LLC now owns 4,309 shares of the company’s stock valued at $523,000 after buying an additional 111 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in shares of Philip Morris International by 3.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 31,073 shares of the company’s stock valued at $3,772,000 after buying an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Stifel Nicolaus lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Trading Up 1.0 %

PM stock opened at $151.95 on Friday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The stock has a market cap of $236.26 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.65 and a beta of 0.53. The business’s 50-day moving average is $139.10 and its 200 day moving average is $130.08.

Philip Morris International (NYSE:PM) last issued 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 negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities analysts forecast 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. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insider Transactions at Philip Morris International

In other news, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the sale, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last ninety days. 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.