Parvin Asset Management LLC Purchases Shares of 10,265 Philip Morris International Inc. (NYSE:PM)

Parvin Asset Management LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,265 shares of the company’s stock, valued at approximately $1,235,000. Philip Morris International makes up about 1.3% of Parvin Asset Management LLC’s holdings, making the stock its 18th biggest position.

A number of other institutional investors have also recently bought and sold shares of PM. Rehmann Capital Advisory Group lifted its position in shares of Philip Morris International by 3.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 10,009 shares of the company’s stock worth $1,205,000 after purchasing an additional 376 shares in the last quarter. Kitching Partners LLC bought a new stake in shares of Philip Morris International in the fourth quarter worth $253,000. Kapitalo Investimentos Ltda bought a new stake in shares of Philip Morris International in the fourth quarter worth $150,000. Voleon Capital Management LP bought a new stake in shares of Philip Morris International in the fourth quarter worth $6,091,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Philip Morris International by 149.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 104,073 shares of the company’s stock worth $12,525,000 after purchasing an additional 62,323 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $170.28 on Wednesday. Philip Morris International Inc. has a one year low of $94.42 and a one year high of $171.63. The company has a market cap of $265.04 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.65 and a beta of 0.46. The firm’s fifty day moving average price is $156.28 and its two-hundred day moving average price is $138.39.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the company earned $1.50 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.17%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Citigroup boosted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Barclays upped their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. upped 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 report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.00.

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.