Cooke & Bieler LP Has $165.74 Million Position in Philip Morris International Inc. (NYSE:PM)

Cooke & Bieler LP boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,377,121 shares of the company's stock after buying an additional 37,292 shares during the period. Philip Morris International makes up about 1.6% of Cooke & Bieler LP's holdings, making the stock its 22nd biggest position. Cooke & Bieler LP owned approximately 0.09% of Philip Morris International worth $165,737,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the period. Investment Advisory Services Inc. TX ADV lifted its position in Philip Morris International by 3.2% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company's stock worth $302,000 after buying an additional 78 shares in the last quarter. Net Worth Advisory Group boosted its stake in shares of Philip Morris International by 1.2% during the 4th quarter. Net Worth Advisory Group now owns 6,625 shares of the company's stock valued at $797,000 after buying an additional 79 shares during the period. Intergy Private Wealth LLC grew its holdings in shares of Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company's stock valued at $236,000 after acquiring an additional 80 shares in the last quarter. Finally, BKM Wealth Management LLC increased its stake in shares of Philip Morris International by 3.4% in the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company's stock worth $298,000 after acquiring an additional 81 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

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Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $1.02 during midday trading on Wednesday, hitting $151.08. The company had a trading volume of 2,687,604 shares, compared to its average volume of 5,196,762. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The business's 50 day simple moving average is $137.30 and its two-hundred day simple moving average is $129.58. The stock has a market cap of $234.91 billion, a PE ratio of 33.53, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.57%. Philip Morris International's dividend payout ratio is currently 119.73%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PM. UBS Group boosted their target price on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. Stifel Nicolaus boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays increased their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

Insider Transactions at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lars Dahlgren sold 3,679 shares of the business'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 completion of the sale, the insider now directly owns 26,828 shares in the company, valued at $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 quarter, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by corporate insiders.

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.