First Manhattan CO. LLC. Buys 37,470 Shares of Philip Morris International Inc. (NYSE:PM)

First Manhattan CO. LLC. raised its position in Philip Morris International Inc. (NYSE:PM) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,872,284 shares of the company’s stock after acquiring an additional 37,470 shares during the quarter. Philip Morris International makes up 0.7% of First Manhattan CO. LLC.’s investment portfolio, making the stock its 28th largest position. First Manhattan CO. LLC.’s holdings in Philip Morris International were worth $228,723,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. NewSquare Capital LLC grew its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International during the fourth quarter valued at about $33,000. Knuff & Co LLC purchased a new position in Philip Morris International during the 4th quarter worth $36,000. Sierra Ocean LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $37,000. Finally, Transce3nd LLC purchased a new position in shares of Philip Morris International during the fourth quarter worth $41,000. Institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Price Performance

PM opened at $172.02 on Friday. The company has a market capitalization of $267.74 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a fifty-two week low of $98.19 and a fifty-two week high of $176.49. The business has a 50-day moving average of $158.61 and a 200-day moving average of $140.79.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.14%. Philip Morris International’s dividend payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

PM has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Citigroup increased their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their target price 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.33.

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.