GWM Advisors LLC decreased its stake in Philip Morris International Inc. (NYSE:PM) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,973 shares of the company’s stock after selling 863 shares during the quarter. GWM Advisors LLC’s holdings in Philip Morris International were worth $1,247,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. NewSquare Capital LLC raised 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 purchasing an additional 100,228 shares during the last quarter. Front Row Advisors LLC bought a new position in Philip Morris International in the 4th quarter valued at $118,000. Vantage Investment Advisors LLC raised 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 purchasing an additional 10 shares during the last quarter. Cerebellum GP LLC bought a new position in Philip Morris International in the 4th quarter valued at $128,000. Finally, Independence Bank of Kentucky bought a new position in Philip Morris International in the 4th quarter valued at $129,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Philip Morris International Inc. (PM) opened at $101.74 on Tuesday. The firm has a market capitalization of $160,697.17, a price-to-earnings ratio of 22.01, a PEG ratio of 1.94 and a beta of 0.85. Philip Morris International Inc. has a 52-week low of $96.66 and a 52-week high of $123.55. 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 (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. research analysts forecast that Philip Morris International Inc. will post 5.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.21%. Philip Morris International’s payout ratio is currently 110.59%.
In related news, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the sale, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at $82,178,019.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the sale, the insider now directly owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.
Several equities analysts have issued reports on the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $137.00 price objective (up previously from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Citigroup cut their price objective on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Friday, January 19th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Bank of America dropped their target price 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. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and an average price target 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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