May Barnhard Investments LLC Acquires Shares of 2,541 Philip Morris International Inc. (NYSE:PM)

May Barnhard Investments LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,541 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harbour Investments Inc. raised its holdings in shares of Philip Morris International by 3.4% in the third quarter. Harbour Investments Inc. now owns 11,805 shares of the company’s stock worth $1,433,000 after buying an additional 387 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Philip Morris International in the third quarter worth approximately $749,000. Baillie Gifford & Co. purchased a new stake in shares of Philip Morris International in the third quarter worth approximately $1,652,000. Simmons Bank raised its holdings in shares of Philip Morris International by 1.0% in the third quarter. Simmons Bank now owns 12,297 shares of the company’s stock worth $1,493,000 after buying an additional 124 shares during the period. Finally, Angeles Investment Advisors LLC purchased a new stake in shares of Philip Morris International in the third quarter worth approximately $224,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now directly owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock valued at $19,655,585 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Down 0.7 %

Shares of NYSE PM opened at $150.32 on Friday. The stock has a market capitalization of $233.72 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The stock’s fifty day simple moving average is $138.50 and its two-hundred day simple moving average is $129.87. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) 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%. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.59%. Philip Morris International’s payout ratio is 119.73%.

Analysts Set New Price Targets

PM has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Barclays increased their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

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.