Channing Capital Management LLC Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Channing Capital Management LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,006 shares of the company’s stock after buying an additional 4,042 shares during the period. Channing Capital Management LLC’s holdings in Philip Morris International were worth $8,280,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PM. Headlands Technologies LLC purchased a new stake in shares of Philip Morris International during the third quarter worth about $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the 4th quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new position in Philip Morris International during the 4th quarter valued at approximately $39,000. McClarren Financial Advisors Inc. raised its holdings in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after buying an additional 278 shares during the last quarter. Finally, Activest Wealth Management lifted its stake in shares of Philip Morris International by 1,685.7% during the fourth quarter. Activest Wealth Management now owns 500 shares of the company’s stock worth $47,000 after buying an additional 472 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.1 %

PM traded up $0.09 on Friday, reaching $97.40. The stock had a trading volume of 5,611,928 shares, compared to its average volume of 6,838,263. The business’s 50-day moving average price is $92.47 and its two-hundred day moving average price is $92.30. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $100.70. The company has a market cap of $151.41 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping 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 analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the firm posted $1.38 EPS. Philip Morris International’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,250 shares of company stock valued at $3,339,528. 0.13% of the stock is owned by corporate insiders.

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.