Amalgamated Bank Has $39.32 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Amalgamated Bank grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 326,728 shares of the company’s stock after purchasing an additional 12,358 shares during the quarter. Amalgamated Bank’s holdings in Philip Morris International were worth $39,322,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Valley Wealth Managers Inc. boosted its holdings in Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after acquiring an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $37,000. Finally, Concord Wealth Partners boosted its holdings in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after acquiring an additional 298 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 1.1 %

NYSE PM opened at $156.13 on Tuesday. The firm has a market capitalization of $242.76 billion, a P/E ratio of 34.62, a PEG ratio of 2.65 and a beta of 0.55. The business has a fifty day simple moving average of $130.42 and a 200 day simple moving average of $126.81. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $156.63.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 119.73%.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Barclays reduced their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Stifel Nicolaus increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased 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, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.22.

Insider Activity

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now directly owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. This represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,143 shares of company stock valued at $19,092,846 in the last ninety days. 0.14% of the stock is currently owned by insiders.

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.