Harber Asset Management LLC Has $7.30 Million Stake in Philip Morris International Inc. (NYSE:PM)

Harber Asset Management LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 25.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,649 shares of the company’s stock after selling 20,201 shares during the period. Philip Morris International accounts for approximately 2.2% of Harber Asset Management LLC’s holdings, making the stock its 21st biggest holding. Harber Asset Management LLC’s holdings in Philip Morris International were worth $7,299,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC increased its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $36,000. Sierra Ocean LLC acquired a new stake in Philip Morris International during the fourth quarter worth about $37,000. Finally, Truvestments Capital LLC raised its position in shares of Philip Morris International by 113.8% in the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company’s stock valued at $43,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.8 %

PM stock opened at $153.85 on Monday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08. The stock has a market cap of $239.47 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The company’s 50 day moving average is $152.03 and its 200 day moving average is $134.73.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 in the last three months. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PM shares. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays lifted 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 note on Wednesday, February 26th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Finally, Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus 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.