Sivia Capital Partners LLC Invests $217,000 in Philip Morris International Inc. (NYSE:PM)

Sivia Capital Partners LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,308 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International during the fourth quarter worth $33,000. Northwest Financial Advisors acquired a new stake in Philip Morris International during the fourth quarter worth $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Philip Morris International during the fourth quarter worth $39,000. Quarry LP boosted its stake in Philip Morris International by 307.5% during the fourth quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after buying an additional 329 shares in the last quarter. Finally, McClarren Financial Advisors Inc. boosted its stake in Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PM. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.50.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $102.05 on Tuesday. The business has a fifty day moving average of $98.09 and a two-hundred day moving average of $94.39. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $104.90. The stock has a market cap of $158.64 billion, a PE ratio of 19.93, a PEG ratio of 2.10 and a beta of 0.57.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business posted $1.38 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.10%. Philip Morris International’s dividend payout ratio is 101.56%.

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.