Sierra Ocean LLC Takes Position in Philip Morris International Inc. (NYSE:PM)

Sierra Ocean LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 309 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds also recently modified their holdings of the business. Keystone Financial Services boosted its position in shares of Philip Morris International by 3.5% in the fourth quarter. Keystone Financial Services now owns 10,783 shares of the company’s stock valued at $1,298,000 after acquiring an additional 369 shares during the period. Monument Capital Management boosted its position in shares of Philip Morris International by 103.0% in the fourth quarter. Monument Capital Management now owns 6,419 shares of the company’s stock valued at $773,000 after acquiring an additional 3,257 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its position in Philip Morris International by 13.1% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,288 shares of the company’s stock worth $757,000 after purchasing an additional 729 shares during the period. J.W. Cole Advisors Inc. lifted its position in Philip Morris International by 2.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 14,625 shares of the company’s stock worth $1,760,000 after purchasing an additional 383 shares during the period. Finally, Valmark Advisers Inc. lifted its position in Philip Morris International by 18.2% in the fourth quarter. Valmark Advisers Inc. now owns 4,470 shares of the company’s stock worth $538,000 after purchasing an additional 688 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 1.0 %

Shares of PM stock opened at $150.60 on Tuesday. The stock has a 50-day moving average price of $127.47 and a 200 day moving average price of $125.28. The firm has a market cap of $234.16 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $151.22.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 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 9.24%. Sell-side analysts predict that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.59%. Philip Morris International’s payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PM shares. 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 target price for the company. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. 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 report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $139.56.

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.