Philip Morris International Inc. (PM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,306 shares of the company’s stock after purchasing an additional 28,064 shares during the period. Envestnet Asset Management Inc.’s holdings in Philip Morris International were worth $26,130,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CNB Bank bought a new position in Philip Morris International in the fourth quarter worth approximately $596,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Philip Morris International by 4.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 792,494 shares of the company’s stock worth $83,727,000 after acquiring an additional 35,250 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in Philip Morris International in the fourth quarter worth approximately $294,000. OLD Republic International Corp raised its position in Philip Morris International by 9.0% in the fourth quarter. OLD Republic International Corp now owns 593,200 shares of the company’s stock worth $62,672,000 after acquiring an additional 49,000 shares during the period. Finally, First Fiduciary Investment Counsel Inc. raised its position in Philip Morris International by 13.1% in the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 105,329 shares of the company’s stock worth $11,128,000 after acquiring an additional 12,220 shares during the period. Institutional investors own 72.18% of the company’s stock.

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PM has been the topic of several recent research reports. Piper Jaffray reiterated a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a research report on Thursday, February 8th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Citigroup upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Deutsche Bank initiated coverage on shares of Philip Morris International in a research report on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price target on the stock. Finally, TheStreet downgraded shares of Philip Morris International from a “b-” rating to a “c+” rating in a research report on Tuesday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $123.50.

In related news, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were 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 directly owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the transaction, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at $82,178,019.90. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Shares of NYSE PM opened at $102.95 on Tuesday. 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 firm has a market capitalization of $158,196.47, a PE ratio of 20.88, a PEG 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.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the company earned $1.10 earnings per share. research analysts predict that Philip Morris International Inc. will post 5.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd were paid a $1.07 dividend. The ex-dividend date was Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.16%. Philip Morris International’s dividend payout ratio (DPR) is presently 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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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