Philip Morris International Inc. (PM) Holdings Boosted by Advisor Group Inc.

Advisor Group Inc. boosted its position in Philip Morris International Inc. (NYSE:PM) by 11.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,237 shares of the company’s stock after buying an additional 23,115 shares during the quarter. Advisor Group Inc.’s holdings in Philip Morris International were worth $22,957,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. NewSquare Capital LLC raised its stake in shares of 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 in the last quarter. Front Row Advisors LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at about $118,000. Cerebellum GP LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at about $128,000. Independence Bank of Kentucky acquired a new stake in shares of Philip Morris International in the 4th quarter valued at about $129,000. Finally, Financial Engines Advisors L.L.C. raised its stake in Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after acquiring an additional 962 shares during the period. Hedge funds and other institutional investors own 72.22% of the company’s stock.

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NYSE PM opened at $101.02 on Friday. Philip Morris International Inc. has a 52 week low of $95.51 and a 52 week high of $123.55. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The stock has a market capitalization of $156,751.97, a price-to-earnings ratio of 20.49, a PEG ratio of 1.90 and a beta of 0.86.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. During the same quarter last year, the company posted $1.10 EPS. Philip Morris International’s revenue for the quarter was up 19.0% on a year-over-year basis. equities analysts expect that Philip Morris International Inc. will post 5.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.24%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s dividend payout ratio (DPR) is 86.82%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Morgan Stanley increased their price objective on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research note on Friday, January 19th. Piper Jaffray reiterated an “overweight” rating and set a $137.00 price objective (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Finally, Citigroup dropped their price objective on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus price target of $123.77.

In other Philip Morris International news, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total value of $1,428,199.50. Following the completion of 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

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

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