Philip Morris International Inc. (NYSE:PM) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 35.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,939 shares of the company’s stock after acquiring an additional 28,164 shares during the period. Curi RMB Capital LLC’s holdings in Philip Morris International were worth $12,990,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the 4th quarter worth $33,000. Knuff & Co LLC purchased a new stake in Philip Morris International during the 4th quarter worth about $36,000. Sierra Ocean LLC acquired a new stake in Philip Morris International in the 4th quarter valued at about $37,000. Finally, Truvestments Capital LLC boosted its stake in shares of Philip Morris International by 113.8% in the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company’s stock valued at $43,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $163.08 on Friday. The company has a market capitalization of $253.83 billion, a P/E ratio of 36.16, a PEG ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a fifty-two week low of $92.94 and a fifty-two week high of $165.00. The stock has a 50-day simple moving average of $153.80 and a 200-day simple moving average of $136.03.

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

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.31%. Philip Morris International’s dividend payout ratio is presently 119.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PM shares. UBS Group raised their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Stifel Nicolaus lifted their price target on Philip Morris International from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.78.

Insider Activity

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. 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.