Philip Morris International Inc. (NYSE:PM) Shares Sold by Dark Forest Capital Management LP

Dark Forest Capital Management LP lowered its stake in Philip Morris International Inc. (NYSE:PM) by 6.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,977 shares of the company’s stock after selling 715 shares during the quarter. Dark Forest Capital Management LP’s holdings in Philip Morris International were worth $1,321,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewSquare Capital LLC boosted its stake 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 worth $25,000 after acquiring an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the 4th quarter worth $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth $36,000. Sierra Ocean LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $37,000. Finally, Transce3nd LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the sale, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 in the last three months. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PM. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Citigroup boosted their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Stifel Nicolaus upped their target price on Philip Morris International from $160.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, April 10th. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $150.78.

Philip Morris International Price Performance

NYSE PM opened at $163.95 on Wednesday. Philip Morris International Inc. has a 12 month low of $93.84 and a 12 month high of $166.44. The stock has a market capitalization of $255.19 billion, a P/E ratio of 36.35, a PEG ratio of 2.65 and a beta of 0.46. The firm’s 50-day moving average is $154.34 and its two-hundred day moving average is $136.65.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s payout ratio is 119.73%.

Philip Morris International 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.