Anthracite Investment Company Inc. Increases Position in Philip Morris International Inc. (NYSE:PM)

Anthracite Investment Company Inc. boosted its position in Philip Morris International Inc. (NYSE:PM) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,500 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Philip Morris International comprises approximately 1.2% of Anthracite Investment Company Inc.’s holdings, making the stock its 20th biggest holding. Anthracite Investment Company Inc.’s holdings in Philip Morris International were worth $3,550,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PM. Range Financial Group LLC increased its stake in Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after purchasing an additional 19,127 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after acquiring an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after acquiring an additional 6,605 shares during the period. Ritholtz Wealth Management boosted its position in shares of Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after acquiring an additional 18,183 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Philip Morris International by 182.4% in the third quarter. Brooklyn Investment Group now owns 6,815 shares of the company’s stock valued at $827,000 after purchasing an additional 4,402 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, Barclays increased their target price 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Stock Up 0.5 %

Shares of NYSE:PM opened at $152.37 on Wednesday. The company has a 50 day moving average of $143.74 and a two-hundred day moving average of $131.59. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The company has a market capitalization of $236.91 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is 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.