Cumberland Partners Ltd Acquires 6,965 Shares of Philip Morris International Inc. (NYSE:PM)

Cumberland Partners Ltd increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,825 shares of the company’s stock after purchasing an additional 6,965 shares during the quarter. Cumberland Partners Ltd’s holdings in Philip Morris International were worth $7,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Ieq Capital LLC raised its holdings in shares of Philip Morris International by 72.8% during the fourth quarter. Ieq Capital LLC now owns 93,105 shares of the company’s stock valued at $11,205,000 after purchasing an additional 39,215 shares during the last quarter. Private Advisor Group LLC grew its position in Philip Morris International by 0.4% in the 4th quarter. Private Advisor Group LLC now owns 83,566 shares of the company’s stock worth $10,057,000 after purchasing an additional 352 shares during the period. Global Retirement Partners LLC raised its stake in Philip Morris International by 1.4% during the 4th quarter. Global Retirement Partners LLC now owns 41,090 shares of the company’s stock valued at $4,945,000 after buying an additional 571 shares during the last quarter. Plan Group Financial LLC lifted its holdings in shares of Philip Morris International by 8.3% during the 4th quarter. Plan Group Financial LLC now owns 12,704 shares of the company’s stock valued at $1,529,000 after buying an additional 978 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Philip Morris International in the 4th quarter worth $219,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Philip Morris International

In related 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 completion of the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $149.64 on Thursday. The company has a fifty day moving average of $128.76 and a 200 day moving average of $125.90. The company has a market capitalization of $232.67 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.63 and a beta of 0.55. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $151.22.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) 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%. Analysts forecast that Philip Morris International Inc. will post 7.13 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.61%. Philip Morris International’s dividend payout ratio is 119.73%.

Analysts Set New Price Targets

A number of research firms recently commented on PM. Barclays reduced their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.22.

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.