Amalgamated Bank Has $35.14 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Amalgamated Bank trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,499 shares of the company’s stock after selling 18,022 shares during the period. Amalgamated Bank’s holdings in Philip Morris International were worth $35,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Philip Morris International during the third quarter worth approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International during the 4th quarter worth approximately $33,000. Legacy Financial Group LLC bought a new stake in Philip Morris International in the 3rd quarter valued at $37,000. Wetzel Investment Advisors Inc. acquired a new position in Philip Morris International in the 4th quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. grew its holdings in Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after buying an additional 278 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on PM. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.50.

Philip Morris International Stock Up 1.3 %

PM stock traded up $1.26 during trading on Thursday, reaching $97.31. The stock had a trading volume of 5,589,344 shares, compared to its average volume of 5,760,716. The company has a market capitalization of $151.27 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 2.01 and a beta of 0.60. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.70. The company’s 50 day moving average is $92.23 and its two-hundred day moving average is $92.25.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the business posted $1.38 earnings per share. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.34%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insiders Place Their Bets

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,250 shares of company stock valued at $3,339,528. Company insiders own 0.13% of the company’s stock.

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.