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

Sunbeam Capital Management LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,749 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted 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 worth $25,000 after buying an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International during the 4th quarter worth approximately $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Ball & Co Wealth Management Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $36,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $37,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $178.23 on Friday. The company’s fifty day moving average price is $162.60 and its 200 day moving average price is $143.89. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $178.70. The firm has a market capitalization of $277.41 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm posted $1.50 EPS. Philip Morris International’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm 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. This represents a $5.40 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PM shares. Citigroup increased their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Barclays increased their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC started coverage on shares of Philip Morris International in a research report on Thursday. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.20.

Philip Morris International Company 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.