4,884 Shares in Philip Morris International Inc. (PM) Purchased by Avestar Capital LLC

Avestar Capital LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,884 shares of the company’s stock, valued at approximately $508,000.

Several other institutional investors have also bought and sold shares of PM. NewSquare Capital LLC lifted its position in Philip Morris International by 6,572.3% during the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after acquiring an additional 100,228 shares during the period. Front Row Advisors LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $118,000. Wolverine Asset Management LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $126,000. Cerebellum GP LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $128,000. Finally, Independence Bank of Kentucky acquired a new stake in Philip Morris International during the 4th quarter worth about $129,000. 72.22% of the stock is owned by hedge funds and other institutional investors.

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NYSE PM opened at $101.02 on Friday. The stock has a market cap of $157,963.48, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.91 and a beta of 0.86. Philip Morris International Inc. has a fifty-two week low of $95.51 and a fifty-two 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.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 annualized dividend and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio is presently 86.82%.

In related news, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction dated 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 transaction, the chief executive officer now owns 792,765 shares in the company, valued at approximately $82,178,019.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of Philip Morris International 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 of the company’s stock, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

A number of analysts have commented on PM shares. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. 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 note on Friday, January 19th. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and an average target price of $123.77.

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Philip Morris International 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.

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

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