Amalgamated Bank Boosts Position in Philip Morris International Inc. (PM)

Amalgamated Bank boosted its stake in Philip Morris International Inc. (NYSE:PM) by 2.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 175,910 shares of the company’s stock after purchasing an additional 3,397 shares during the period. Philip Morris International comprises approximately 0.6% of Amalgamated Bank’s portfolio, making the stock its 28th largest position. Amalgamated Bank’s holdings in Philip Morris International were worth $19,528,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Guidant Wealth Advisors boosted its position in Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. NewSquare Capital LLC boosted its position in Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after buying an additional 100,228 shares during the period. Vantage Investment Advisors LLC boosted its position in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after buying an additional 10 shares during the period. Acropolis Investment Management LLC boosted its position in Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the period. Finally, Financial Engines Advisors L.L.C. boosted its position in Philip Morris International by 399.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after buying an additional 962 shares during the period. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Several brokerages have commented on PM. Jefferies Group reissued a “hold” rating and issued a $120.00 price target on shares of Philip Morris International in a research report on Thursday, September 28th. Wells Fargo & Co reissued an “outperform” rating and issued a $135.00 price target (down previously from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Piper Jaffray Companies reissued a “buy” rating and issued a $130.00 price target on shares of Philip Morris International in a research report on Sunday, October 22nd. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group started coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $125.31.

Shares of Philip Morris International Inc. (PM) opened at $108.81 on Tuesday. The stock has a market cap of $169,000.00, a price-to-earnings ratio of 24.02, a PEG ratio of 1.97 and a beta of 0.89. Philip Morris International Inc. has a 1 year low of $94.32 and a 1 year high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.93%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.

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Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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