Rockefeller Capital Management L.P. Buys 8,914 Shares of Philip Morris International Inc. (NYSE:PM)

Rockefeller Capital Management L.P. raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,903 shares of the company's stock after buying an additional 8,914 shares during the period. Rockefeller Capital Management L.P.'s holdings in Philip Morris International were worth $26,196,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Meridian Wealth Partners LLC increased its position in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after purchasing an additional 70 shares during the last quarter. NewSquare Capital LLC lifted its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after acquiring an additional 73 shares during the period. Balboa Wealth Partners increased its stake in shares of Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after purchasing an additional 74 shares during the last quarter. Finally, Centurion Wealth Management LLC lifted its stake in Philip Morris International by 3.5% in the 4th quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company's stock valued at $268,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PM shares. Citigroup upped their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. UBS Group increased their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their target price on Philip Morris International from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.78.

Insider Activity at Philip Morris International

In related news, CFO Emmanuel Babeau sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the completion of the transaction, the chief financial officer now owns 139,105 shares in the company, valued at $20,705,779.25. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by insiders.

Philip Morris International Price Performance

PM traded up $2.60 on Friday, hitting $163.08. 7,543,615 shares of the stock were exchanged, compared to its average volume of 5,595,825. Philip Morris International Inc. has a 12 month low of $91.38 and a 12 month high of $165.00. The firm has a market capitalization of $253.83 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.65 and a beta of 0.46. The business has a 50-day moving average of $153.80 and a two-hundred day moving average of $135.92.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.31%. Philip Morris International's dividend payout ratio (DPR) is currently 119.73%.

Philip Morris International 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.