Philip Morris International Inc. (PM) Stake Increased by Ffcm LLC

Ffcm LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,560 shares of the company’s stock after purchasing an additional 23,301 shares during the quarter. Philip Morris International comprises 2.3% of Ffcm LLC’s portfolio, making the stock its 8th largest position. Ffcm LLC’s holdings in Philip Morris International were worth $13,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 6,572.3% during the third 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 last quarter. Front Row Advisors LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $118,000. Vantage Investment Advisors LLC grew its holdings in shares of Philip Morris International by 1.0% during the second 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 last quarter. Cerebellum GP LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $128,000. Finally, Financial Engines Advisors L.L.C. grew its holdings in shares of 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 valued at $134,000 after buying an additional 962 shares during the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.

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A number of equities research analysts have recently commented on PM shares. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Friday, January 19th. Citigroup upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley increased their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, Piper Jaffray reiterated an “overweight” rating and set a $137.00 price target (up previously from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Philip Morris International presently 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 stock in a transaction that occurred on 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 transaction, the insider now directly owns 189,199 shares in the company, valued at $19,795,891.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 792,765 shares in the company, valued at $82,178,019.90. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

Shares of Philip Morris International stock opened at $101.02 on Friday. 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 twelve month low of $95.51 and a twelve month high of $123.55. The company has a market cap of $156,751.97, a P/E ratio of 20.49, a P/E/G ratio of 1.90 and a beta of 0.86.

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). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. research analysts anticipate that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 4.24%. Philip Morris International’s payout ratio is presently 86.82%.

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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.

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

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