Philip Morris International Inc. (PM) Position Lifted by Hosking Partners LLP

Hosking Partners LLP raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,007 shares of the company’s stock after buying an additional 4,064 shares during the period. Hosking Partners LLP’s holdings in Philip Morris International were worth $14,475,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after purchasing an additional 2,972,929 shares during the period. BlackRock Inc. boosted its stake in Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after purchasing an additional 2,421,533 shares during the period. FMR LLC boosted its stake in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after purchasing an additional 2,330,864 shares during the period. Royal Bank of Canada boosted its stake in Philip Morris International by 6.1% in the 2nd quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock worth $816,852,000 after purchasing an additional 397,015 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Philip Morris International by 19.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 6,781,219 shares of the company’s stock worth $796,454,000 after purchasing an additional 1,095,180 shares during the period. Hedge funds and other institutional investors own 72.22% of the company’s stock.

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A number of equities analysts recently commented on PM shares. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Piper Jaffray reissued an “overweight” rating and set a $137.00 target price (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Citigroup decreased their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday, January 19th. Finally, Morgan Stanley lifted their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Philip Morris International has an average rating of “Buy” and an average price target of $123.77.

In related news, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction 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 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 traded down $0.68 during midday trading on Friday, reaching $101.02. 5,049,181 shares of the company’s stock traded hands, compared to its average volume of 5,176,511. The company has a market capitalization of $156,907.28, a P/E ratio of 20.49, a P/E/G ratio of 1.90 and a beta of 0.86. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. 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 released its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. equities research analysts predict 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. Stockholders of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio is currently 86.82%.

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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.

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

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