Mariner LLC Has $42.32 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Mariner LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 351,601 shares of the company’s stock after acquiring an additional 14,333 shares during the period. Mariner LLC’s holdings in Philip Morris International were worth $42,315,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PM. NewSquare Capital LLC grew 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 period. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the fourth quarter worth $33,000. Knuff & Co LLC bought a new stake in Philip Morris International during the 4th quarter valued at $36,000. Sierra Ocean LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at $37,000. Finally, Truvestments Capital LLC boosted its position in shares of Philip Morris International by 113.8% in the fourth quarter. Truvestments Capital LLC now owns 357 shares of the company’s stock valued at $43,000 after acquiring an additional 190 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the firm’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 transaction, the insider now directly owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. Company insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 1.6 %

Shares of PM opened at $160.10 on Wednesday. The company has a market cap of $249.20 billion, a price-to-earnings ratio of 35.50, a P/E/G ratio of 2.65 and a beta of 0.46. The business’s fifty day simple moving average is $152.85 and its two-hundred day simple moving average is $135.16. Philip Morris International Inc. has a 12 month low of $88.43 and a 12 month high of $163.08.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio is 119.73%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley began coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.44.

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.