Cape ANN Savings Bank bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,102 shares of the company’s stock, valued at approximately $222,000.
A number of other large investors have also recently bought and sold shares of the stock. Flossbach Von Storch AG lifted its holdings in Philip Morris International by 89.4% in the fourth quarter. Flossbach Von Storch AG now owns 6,612,322 shares of the company’s stock valued at $698,592,000 after acquiring an additional 3,121,247 shares during the period. Vanguard Group Inc. lifted its holdings in Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after acquiring an additional 2,972,929 shares during the period. BlackRock Inc. lifted its holdings in Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after acquiring an additional 2,421,533 shares during the period. FMR LLC lifted its holdings in Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after acquiring an additional 2,330,864 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Philip Morris International by 57.8% in the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after acquiring an additional 2,139,002 shares during the period. Hedge funds and other institutional investors own 72.22% of the company’s stock.
PM has been the subject of several research reports. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Friday, January 19th. TheStreet downgraded Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Finally, Piper Jaffray reaffirmed an “overweight” rating and set a $137.00 price target (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Philip Morris International has an average rating of “Buy” and an average price target of $123.77.
PM traded down $0.68 during midday trading on Friday, hitting $101.02. The company’s stock had a trading volume of 5,049,181 shares, compared to its average volume of 5,176,511. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80. The stock has a market capitalization of $156,907.28, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. Philip Morris International Inc. has a 52-week low of $95.51 and a 52-week high of $123.55.
Philip Morris International (NYSE:PM) last posted its quarterly 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). The business had revenue of $8.29 billion during 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 firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. equities research analysts anticipate that Philip Morris International Inc. will post 5.27 earnings per share for the current 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 issued 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%.
In other news, CEO Andre Calantzopoulos sold 49,000 shares of the business’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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the business’s stock in a transaction dated 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 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 currently owned by insiders.
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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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