Dauntless Investment Group LLC Acquires Shares of 4,868 Philip Morris International Inc. (NYSE:PM)

Dauntless Investment Group LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, Holdings Channel reports. The fund purchased 4,868 shares of the company’s stock, valued at approximately $586,000. Philip Morris International makes up 0.6% of Dauntless Investment Group LLC’s portfolio, making the stock its 17th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Meridian Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after purchasing an additional 70 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after acquiring an additional 73 shares during the last quarter. Balboa Wealth Partners boosted its holdings in Philip Morris International by 2.0% in the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after purchasing an additional 74 shares during the last quarter. Finally, Cravens & Co Advisors LLC boosted its stake in shares of Philip Morris International by 0.7% in the fourth quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company’s stock worth $1,210,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM opened at $168.07 on Thursday. The stock has a market capitalization of $261.60 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The business’s fifty day moving average price is $154.69 and its 200 day moving average price is $136.86. Philip Morris International Inc. has a 12-month low of $94.42 and a 12-month high of $171.63.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the company earned $1.50 EPS. As a group, research 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.21%. Philip Morris International’s dividend payout ratio is 119.73%.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of Philip Morris International from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, April 10th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Citigroup boosted their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Finally, Barclays upped their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.78.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction that occurred 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 owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares of the company’s stock, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. Corporate insiders own 0.13% of the company’s stock.

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.