Heritage Investors Management Corp boosted its stake in Philip Morris International Inc. (NYSE:PM) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,637 shares of the company’s stock after purchasing an additional 2,935 shares during the quarter. Heritage Investors Management Corp’s holdings in Philip Morris International were worth $14,330,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of PM. NewSquare Capital LLC increased its stake 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 worth $116,000 after purchasing an additional 100,228 shares during the period. Front Row Advisors LLC purchased a new position in Philip Morris International in the 4th quarter worth approximately $118,000. Vantage Investment Advisors LLC increased its stake 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 worth $121,000 after purchasing an additional 10 shares during the period. Cerebellum GP LLC purchased a new position in Philip Morris International in the 4th quarter worth approximately $128,000. Finally, Financial Engines Advisors L.L.C. increased its stake 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 worth $134,000 after purchasing an additional 962 shares during the period. Institutional investors and hedge funds own 72.22% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Morgan Stanley lifted their price target 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. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Piper Jaffray reissued an “overweight” rating and issued a $137.00 target price (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Finally, Citigroup dropped their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus price target of $123.77.
NYSE PM opened at $101.02 on Friday. Philip Morris International Inc. has a twelve month low of $95.51 and a twelve month high of $123.55. The stock has a market capitalization of $156,751.97, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. equities research analysts predict that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 4.24%. Philip Morris International’s payout ratio is currently 86.82%.
In other news, 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 completion of the sale, the chief executive officer now owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,428,199.50. Following the completion of the sale, the insider now directly owns 189,199 shares of the company’s stock, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
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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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