Tompkins Financial Corp Purchases 4,910 Shares of Philip Morris International Inc. (NYSE:PM)

Tompkins Financial Corp lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,688 shares of the company’s stock after purchasing an additional 4,910 shares during the quarter. Tompkins Financial Corp’s holdings in Philip Morris International were worth $1,407,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PM. Capital Planning LLC grew its position in Philip Morris International by 7.1% in the fourth quarter. Capital Planning LLC now owns 2,613 shares of the company’s stock worth $318,000 after acquiring an additional 173 shares in the last quarter. Cypress Wealth Services LLC lifted its stake in shares of Philip Morris International by 9.5% in the 4th quarter. Cypress Wealth Services LLC now owns 7,391 shares of the company’s stock valued at $889,000 after purchasing an additional 643 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Philip Morris International by 50.9% in the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after purchasing an additional 18,183 shares during the period. IFS Advisors LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at approximately $60,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Philip Morris International by 30.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 25,928 shares of the company’s stock valued at $3,120,000 after purchasing an additional 6,097 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the sale, the chairman now directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This represents a 9.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Philip Morris International Trading Up 1.1 %

NYSE PM opened at $119.78 on Friday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The stock has a market cap of $186.24 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.86 and a beta of 0.54. The company has a fifty day simple moving average of $125.67 and a two-hundred day simple moving average of $121.05.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.67 earnings per share. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Citigroup lifted their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Barclays decreased their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley began coverage on Philip Morris International in a research note on Thursday. They set an “overweight” rating and a $140.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

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.