Bcwm LLC Makes New $5.39 Million Investment in Philip Morris International Inc. (NYSE:PM)

Bcwm LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,803 shares of the company’s stock, valued at approximately $5,392,000. Philip Morris International comprises 1.9% of Bcwm LLC’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RWA Wealth Partners LLC increased its position in Philip Morris International by 2.7% during the fourth quarter. RWA Wealth Partners LLC now owns 11,172 shares of the company’s stock worth $1,345,000 after acquiring an additional 291 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Philip Morris International by 1.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,085,479 shares of the company’s stock worth $612,037,000 after purchasing an additional 78,938 shares during the period. American Money Management LLC boosted its stake in shares of Philip Morris International by 0.4% in the fourth quarter. American Money Management LLC now owns 53,168 shares of the company’s stock valued at $6,399,000 after buying an additional 194 shares during the period. Strategy Asset Managers LLC grew its position in Philip Morris International by 1.3% during the fourth quarter. Strategy Asset Managers LLC now owns 37,199 shares of the company’s stock worth $4,477,000 after buying an additional 479 shares in the last quarter. Finally, Allianz SE acquired a new stake in Philip Morris International during the fourth quarter worth approximately $30,544,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the company’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 sale, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International 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 transaction, the vice president now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 0.1 %

Shares of PM stock opened at $155.17 on Friday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The stock’s fifty day simple moving average is $145.83 and its 200 day simple moving average is $132.14. The firm has a market capitalization of $241.27 billion, a P/E ratio of 34.41, a P/E/G 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 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 research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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 dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s payout ratio is currently 119.73%.

Analysts Set New Price Targets

Several analysts have recently issued reports on PM shares. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Stifel Nicolaus increased 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. Barclays boosted 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 report on Wednesday, February 26th. UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday, February 7th. Finally, Morgan Stanley initiated coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average 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.