Fernwood Investment Management LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,083 shares of the company’s stock after buying an additional 1,041 shares during the period. Philip Morris International makes up approximately 1.6% of Fernwood Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. Fernwood Investment Management LLC’s holdings in Philip Morris International were worth $2,967,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its holdings in shares of Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after acquiring an additional 100,228 shares during the last quarter. Front Row Advisors LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $118,000. Vantage Investment Advisors LLC increased its stake in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after buying an additional 10 shares during the period. Cerebellum GP LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $128,000. Finally, Financial Engines Advisors L.L.C. increased its stake in Philip Morris International by 399.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after buying an additional 962 shares during the period. 72.33% of the stock is owned by institutional investors and hedge funds.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 is available 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 stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the sale, 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. Corporate insiders own 0.23% of the company’s stock.
PM has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price 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 for the company in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Piper Jaffray Companies restated an “overweight” rating and issued a $137.00 target price (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Finally, Bank of America cut their price target on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Buy” and a consensus price target of $124.57.
Philip Morris International Inc. (NYSE:PM) traded down $1.74 during midday trading on Wednesday, hitting $105.50. 1,882,177 shares of the stock were exchanged, compared to its average volume of 5,362,675. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. The firm has a market capitalization of $164,530.00, a PE ratio of 21.52, a P/E/G ratio of 2.01 and a beta of 0.85. Philip Morris International Inc. has a twelve month low of $96.66 and a twelve month high of $123.55.
Philip Morris International (NYSE:PM) last released 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 business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. equities analysts forecast that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.
The company 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. This represents a $4.28 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s dividend payout ratio (DPR) is 87.17%.
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Philip Morris International Company 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.
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