Manhattan West Asset Management LLC Buys 908 Shares of Philip Morris International Inc. (NYSE:PM)

Manhattan West Asset Management LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,327 shares of the company’s stock after acquiring an additional 908 shares during the quarter. Philip Morris International comprises 1.2% of Manhattan West Asset Management LLC’s holdings, making the stock its 24th largest holding. Manhattan West Asset Management LLC’s holdings in Philip Morris International were worth $4,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PM. Range Financial Group LLC boosted its position in Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after acquiring an additional 19,127 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares during the period. CWA Asset Management Group LLC boosted its position 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 valued at $2,912,000 after purchasing an additional 6,605 shares in the last quarter. Ritholtz Wealth Management grew its stake in Philip Morris International by 50.9% during the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after purchasing an additional 18,183 shares during the period. Finally, Czech National Bank grew its stake in Philip Morris International by 6.4% during the fourth quarter. Czech National Bank now owns 337,119 shares of the company’s stock worth $40,572,000 after purchasing an additional 20,390 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PM has been the topic of several recent analyst reports. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. 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 research note on Friday, February 7th. Finally, Barclays increased their price objective 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.44.

Philip Morris International Trading Up 1.8 %

Philip Morris International stock opened at $153.85 on Friday. The firm’s fifty day moving average price is $152.03 and its two-hundred day moving average price is $134.63. The firm has a market capitalization of $239.47 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.51%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Insider Activity at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the insider now owns 26,828 shares of the company’s stock, 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. In the last three months, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.14% of the stock is owned by insiders.

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.