Ieq Capital LLC Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Ieq Capital LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 72.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,105 shares of the company’s stock after purchasing an additional 39,215 shares during the period. Ieq Capital LLC’s holdings in Philip Morris International were worth $11,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investment Advisory Services Inc. TX ADV raised its position in Philip Morris International by 3.2% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after acquiring an additional 78 shares in the last quarter. Intergy Private Wealth LLC raised its position in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after acquiring an additional 80 shares in the last quarter. BKM Wealth Management LLC raised its position in Philip Morris International by 3.4% during the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $298,000 after acquiring an additional 81 shares in the last quarter. 49 Wealth Management LLC raised its position in Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after acquiring an additional 84 shares in the last quarter. Finally, Woodmont Investment Counsel LLC raised its position in Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’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 $3,117,354.12. This represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PM shares. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays cut their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group boosted their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Finally, Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $141.22.

Philip Morris International Stock Performance

Shares of PM opened at $149.64 on Thursday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $151.22. The stock has a market capitalization of $232.67 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 2.63 and a beta of 0.55. The stock has a 50 day moving average price of $128.76 and a 200 day moving average price of $125.90.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share 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%. On average, analysts predict that Philip Morris International Inc. will post 7.13 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

About Philip Morris International

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.