Gratus Capital LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 11,659 shares of the company’s stock after buying an additional 254 shares during the period. Gratus Capital LLC’s holdings in Philip Morris International were worth $1,067,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cornerstone Advisors Inc. raised its position in shares of Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock worth $112,000 after buying an additional 13 shares during the period. Trent Capital Management Inc. NC acquired a new position in shares of Philip Morris International during the fourth quarter worth about $113,000. Liberty Capital Management Inc. acquired a new position in shares of Philip Morris International during the third quarter worth about $116,000. Vantage Investment Advisors LLC raised its position in shares of Philip Morris International by 1.6% in the third quarter. Vantage Investment Advisors LLC now owns 1,225 shares of the company’s stock worth $119,000 after buying an additional 19 shares during the period. Finally, First Command Bank acquired a new position in shares of Philip Morris International during the fourth quarter worth about $128,000. Institutional investors and hedge funds own 71.65% of the company’s stock.
Philip Morris International Inc. (NYSE:PM) opened at 111.79 on Friday. Philip Morris International Inc. has a 12-month low of $86.78 and a 12-month high of $114.65. The firm’s 50-day moving average is $107.81 and its 200 day moving average is $97.59. The company has a market cap of $173.43 billion, a price-to-earnings ratio of 24.95 and a beta of 0.94.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc. will post $4.84 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Tuesday, March 21st. Philip Morris International’s payout ratio is 92.86%.
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PM has been the subject of a number of research reports. Vetr lowered shares of Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $98.02 price objective for the company. in a report on Monday, January 2nd. Goldman Sachs Group Inc reiterated a “buy” rating and issued a $102.00 price objective (down previously from $109.00) on shares of Philip Morris International in a report on Tuesday, January 10th. Citigroup Inc reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, February 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $104.00 price objective on shares of Philip Morris International in a report on Friday, February 17th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Philip Morris International has an average rating of “Hold” and an average price target of $104.03.
In other news, CEO Andre Calantzopoulos sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $102.65, for a total transaction of $3,592,750.00. Following the completion of the transaction, the chief executive officer now owns 787,671 shares of the company’s stock, valued at $80,854,428.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.
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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