AGF Investments America Inc. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,387 shares of the company’s stock after purchasing an additional 1,227 shares during the period. Philip Morris International accounts for about 1.8% of AGF Investments America Inc.’s investment portfolio, making the stock its 25th biggest holding. AGF Investments America Inc.’s holdings in Philip Morris International were worth $4,795,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Doyle Wealth Management boosted its position in Philip Morris International by 51.8% during the fourth quarter. Doyle Wealth Management now owns 9,000 shares of the company’s stock valued at $951,000 after purchasing an additional 3,072 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of Philip Morris International by 4.5% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 280,535 shares of the company’s stock valued at $29,639,000 after buying an additional 12,051 shares during the last quarter. IBM Retirement Fund lifted its position in shares of Philip Morris International by 5.7% in the fourth quarter. IBM Retirement Fund now owns 40,724 shares of the company’s stock valued at $4,695,000 after buying an additional 2,213 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Philip Morris International by 7.3% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,701 shares of the company’s stock valued at $1,659,000 after buying an additional 1,072 shares during the last quarter. Finally, Buckley Wealth Management LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $2,238,000. 72.33% of the stock is owned by hedge funds and other institutional investors.
In other Philip Morris International news, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the transaction, the insider now owns 189,199 shares in the company, valued at approximately $19,795,891.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total value of $5,079,340.00. Following the transaction, the chief executive officer now owns 792,765 shares in the company, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Shares of Philip Morris International Inc. (NYSE PM) opened at $105.61 on Thursday. The firm has a market capitalization of $164,040.00, a P/E ratio of 21.51, a P/E/G ratio of 2.01 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35. Philip Morris International Inc. has a fifty-two week low of $96.66 and a fifty-two week high of $123.55.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. analysts predict that Philip Morris International Inc. will post 5.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. The ex-dividend date is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 4.05%. Philip Morris International’s payout ratio is currently 87.17%.
A number of analysts have recently issued reports on the company. Bank of America cut their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a research report on Thursday, February 8th. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 price objective (down from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average target price of $124.57.
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About Philip Morris International
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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