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.
A number of other hedge funds and other institutional investors have also bought and sold shares of PM. 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. Front Row Advisors LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $118,000. Financial Engines Advisors L.L.C. increased its position in shares of Philip Morris International by 399.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after purchasing an additional 962 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $128,000. Finally, Bank of Nova Scotia Trust Co. purchased a new position in shares of Philip Morris International in the 3rd quarter valued at $135,000. Institutional investors own 72.33% of the company’s stock.
In other news, CEO Andre Calantzopoulos sold 49,000 shares of the company’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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction that occurred on 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 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 corporate insiders.
Shares of Philip Morris International Inc. (NYSE:PM) traded down $1.74 during trading hours on Wednesday, hitting $105.50. 1,882,177 shares of the company 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. Philip Morris International Inc. has a fifty-two week low of $96.66 and a fifty-two week high of $123.55. The company has a market capitalization of $164,530.00, a price-to-earnings ratio of 21.52, a PEG ratio of 2.01 and a beta of 0.85.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. analysts forecast that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.06%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s payout ratio is currently 87.17%.
A number of research firms recently commented on PM. Citigroup raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Bank of America reduced their target price on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a report on Thursday, February 8th. Morgan Stanley increased their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $124.57.
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.
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