Fox Run Management L.L.C. Acquires Shares of 1,738 Philip Morris International Inc. (NYSE:PM)

Fox Run Management L.L.C. bought a new position in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, Holdings Channel reports. The institutional investor bought 1,738 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Dunhill Financial LLC boosted its stake in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth approximately $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $36,000. Finally, Sierra Ocean LLC acquired a new position in Philip Morris International in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $155.17 on Friday. The stock has a 50 day moving average of $145.83 and a 200 day moving average of $132.10. The firm has a market capitalization of $241.27 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Insider Transactions at Philip Morris International

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 owns 547,426 shares of the company’s stock, valued at $81,495,308.62. The trade was 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 through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now 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. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on PM. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Barclays upped their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Finally, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Company 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.