Signaturefd LLC Has $3.14 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Signaturefd LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,079 shares of the company’s stock after acquiring an additional 2,599 shares during the period. Signaturefd LLC’s holdings in Philip Morris International were worth $3,139,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Range Financial Group LLC grew its holdings in shares of 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 acquiring an additional 19,127 shares in the last quarter. Park Avenue Securities LLC boosted its position in Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC grew its stake in 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 purchasing an additional 6,605 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after purchasing an additional 18,183 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of Philip Morris International by 182.4% during the 3rd quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock worth $827,000 after purchasing an additional 4,402 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM opened at $155.49 on Tuesday. The business has a fifty day simple moving average of $139.79 and a 200 day simple moving average of $130.42. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51. The company has a market capitalization of $241.76 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings results 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%. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Insider Activity at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Emmanuel Babeau sold 30,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the sale, the chief financial officer now owns 139,105 shares in the company, valued at $20,705,779.25. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of several analyst reports. Barclays raised their target price 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 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 assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

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.