American Money Management LLC Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

American Money Management LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,168 shares of the company’s stock after buying an additional 194 shares during the quarter. Philip Morris International makes up approximately 1.2% of American Money Management LLC’s portfolio, making the stock its 28th biggest position. American Money Management LLC’s holdings in Philip Morris International were worth $6,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of PM. Rockefeller Capital Management L.P. raised its position in Philip Morris International by 4.8% in the third quarter. Rockefeller Capital Management L.P. now owns 208,989 shares of the company’s stock valued at $25,342,000 after purchasing an additional 9,500 shares during the period. Fred Alger Management LLC raised its holdings in Philip Morris International by 4.8% in the 3rd quarter. Fred Alger Management LLC now owns 32,390 shares of the company’s stock valued at $3,932,000 after buying an additional 1,492 shares during the period. L.M. Kohn & Company raised its holdings in Philip Morris International by 37.9% in the 3rd quarter. L.M. Kohn & Company now owns 9,832 shares of the company’s stock valued at $1,194,000 after buying an additional 2,700 shares during the period. Acropolis Investment Management LLC lifted its position in Philip Morris International by 7.3% in the third quarter. Acropolis Investment Management LLC now owns 1,470 shares of the company’s stock valued at $178,000 after buying an additional 100 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in Philip Morris International by 144.5% during the third quarter. Edgestream Partners L.P. now owns 13,172 shares of the company’s stock worth $1,599,000 after buying an additional 7,784 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PM. 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 report on Friday, February 7th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays raised their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Finally, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $144.56.

Insider Activity

In other news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction that occurred 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 completion of the sale, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $155.17 on Friday. The stock has a 50-day simple moving average of $145.83 and a 200-day simple moving average of $132.14. The company has a market capitalization of $241.27 billion, a P/E ratio of 34.41, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

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.