Generation Capital Management LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Generation Capital Management LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,275 shares of the company’s stock, valued at approximately $394,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PM. Morse Asset Management Inc purchased a new position in shares of Philip Morris International during the 3rd quarter valued at about $206,000. McIlrath & Eck LLC lifted its holdings in Philip Morris International by 38.5% during the third quarter. McIlrath & Eck LLC now owns 561 shares of the company’s stock valued at $68,000 after purchasing an additional 156 shares in the last quarter. Anchor Investment Management LLC boosted its position in shares of Philip Morris International by 3.5% in the third quarter. Anchor Investment Management LLC now owns 46,037 shares of the company’s stock worth $5,589,000 after purchasing an additional 1,544 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in shares of Philip Morris International by 225.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 23,379 shares of the company’s stock worth $2,841,000 after purchasing an additional 16,194 shares in the last quarter. Finally, World Investment Advisors LLC raised its position in shares of Philip Morris International by 567.0% during the 3rd quarter. World Investment Advisors LLC now owns 50,672 shares of the company’s stock valued at $6,152,000 after purchasing an additional 43,075 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emmanuel Babeau sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the completion of the sale, the chief financial officer now owns 139,105 shares of the company’s stock, valued at $20,705,779.25. This trade represents a 17.74 % 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 ninety days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PM. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. UBS Group lifted their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Stifel Nicolaus upped their price target on Philip Morris International from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Finally, StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.78.

Philip Morris International Stock Performance

NYSE PM opened at $163.08 on Friday. The stock has a 50 day moving average price of $153.50 and a 200-day moving average price of $135.62. Philip Morris International Inc. has a one year low of $90.65 and a one year high of $165.00. The company has a market capitalization of $253.83 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.31%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.