G&S Capital LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,296 shares of the company’s stock, valued at approximately $137,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Flossbach Von Storch AG raised its stake 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 buying an additional 3,121,247 shares in the last quarter. Vanguard Group Inc. raised its stake 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 buying an additional 2,972,929 shares in the last quarter. Renaissance Technologies LLC raised its stake in Philip Morris International by 93.5% in the fourth quarter. Renaissance Technologies LLC now owns 5,753,131 shares of the company’s stock valued at $607,818,000 after buying an additional 2,779,331 shares in the last quarter. BlackRock Inc. raised its stake 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 buying an additional 2,421,533 shares in the last quarter. Finally, FMR LLC raised its stake 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 buying an additional 2,330,864 shares in the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.
A number of analysts have weighed in on PM shares. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley raised their price target 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. Bank of America cut their price target on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Piper Jaffray restated a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a research note on Thursday, February 8th. Finally, Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average price target of $123.77.
In related 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 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 the business’s 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 in the company, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.
PM opened at $101.02 on Monday. 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 one year low of $95.51 and a one year high of $123.55. The stock has a market cap of $156,907.28, a PE ratio of 20.49, a PEG ratio of 1.90 and a beta of 0.86.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter last year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. equities research analysts anticipate that Philip Morris International Inc. will post 5.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend 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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