Philip Morris International Inc. (NYSE:PM) Shares Acquired by First Manhattan CO. LLC.

First Manhattan CO. LLC. raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,872,284 shares of the company's stock after buying an additional 37,470 shares during the quarter. Philip Morris International comprises about 0.7% of First Manhattan CO. LLC.'s holdings, making the stock its 28th largest position. First Manhattan CO. LLC. owned approximately 0.12% of Philip Morris International worth $228,723,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PM. Circle Wealth Management LLC grew its stake in shares of Philip Morris International by 3.6% during the 4th quarter. Circle Wealth Management LLC now owns 5,034 shares of the company's stock worth $606,000 after purchasing an additional 174 shares during the period. Clark Capital Management Group Inc. grew its position in Philip Morris International by 2.1% during the fourth quarter. Clark Capital Management Group Inc. now owns 472,107 shares of the company's stock worth $56,818,000 after buying an additional 9,645 shares during the period. Driehaus Capital Management LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $513,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Philip Morris International by 25.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 997,887 shares of the company's stock worth $120,096,000 after acquiring an additional 200,645 shares in the last quarter. Finally, Eagle Global Advisors LLC grew its holdings in shares of Philip Morris International by 142.4% in the 4th quarter. Eagle Global Advisors LLC now owns 166,128 shares of the company's stock worth $19,993,000 after acquiring an additional 97,600 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the subject of several research reports. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays upped their target price on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $166.33.

Insider Buying and Selling

In other news, 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 transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares of the company's stock, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Down 1.4 %

Shares of NYSE PM traded down $2.39 on Friday, reaching $169.61. 4,733,416 shares of the company traded hands, compared to its average volume of 5,571,491. The company has a 50 day moving average of $158.92 and a 200 day moving average of $141.05. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $176.49. The stock has a market capitalization of $264.00 billion, a PE ratio of 37.61, a P/E/G ratio of 2.65 and a beta of 0.50.

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

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is currently 111.34%.

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.