Cetera Advisors LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,949 shares of the company’s stock after selling 2,715 shares during the quarter. Cetera Advisors LLC’s holdings in Philip Morris International were worth $2,109,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. 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 acquiring an additional 10 shares during the last quarter. Front Row Advisors LLC bought a new position in Philip Morris International in the 4th quarter worth about $118,000. 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 acquiring an additional 962 shares during the last quarter. Cerebellum GP LLC bought a new position in Philip Morris International in the 4th quarter worth about $128,000. Finally, Bank of Nova Scotia Trust Co. bought a new position in Philip Morris International in the 3rd quarter worth about $135,000. Institutional investors own 72.22% of the company’s stock.
In other news, 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction that occurred 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 transaction, 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.
PM has been the topic of a number of research analyst reports. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley increased their price objective 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. Bank of America reduced their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Piper Jaffray reiterated a “buy” rating and set a $126.00 price objective on shares of Philip Morris International in a research report on Thursday, February 8th. Finally, Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and an average target price of $123.77.
PM stock traded down $0.68 during trading on Friday, hitting $101.02. 5,049,181 shares of the company traded hands, compared to its average volume of 5,176,511. The stock has a market capitalization of $156,907.28, a PE ratio of 20.49, a P/E/G ratio of 1.90 and a beta of 0.86. Philip Morris International Inc. has a 1 year low of $95.51 and a 1 year high of $123.55. 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 earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the company earned $1.10 earnings per share. The company’s revenue was up 19.0% compared to the same quarter last year. analysts anticipate that Philip Morris International Inc. will post 5.27 EPS for the current year.
The firm 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 $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 currently 86.82%.
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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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