Carleon Capital Partners LLC Has $2,098,000 Stake in Philip Morris International Inc. (PM)

Carleon Capital Partners LLC continued to hold its stake in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, Holdings Channel reports. The firm owned 22,930 shares of the company’s stock at the end of the fourth quarter. Philip Morris International comprises approximately 0.7% of Carleon Capital Partners LLC’s portfolio, making the stock its 28th largest position. Carleon Capital Partners LLC’s holdings in Philip Morris International were worth $2,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Daiwa SB Investments Ltd. boosted its stake in shares of Philip Morris International by 12.6% in the third quarter. Daiwa SB Investments Ltd. now owns 102,240 shares of the company’s stock worth $9,940,000 after buying an additional 11,430 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Philip Morris International by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,355,323 shares of the company’s stock worth $3,826,125,000 after buying an additional 163,627 shares during the period. Oakbrook Investments LLC boosted its stake in shares of Philip Morris International by 34.6% in the third quarter. Oakbrook Investments LLC now owns 130,906 shares of the company’s stock worth $12,727,000 after buying an additional 33,675 shares during the period. Capital One National Association boosted its stake in shares of Philip Morris International by 3.6% in the third quarter. Capital One National Association now owns 84,497 shares of the company’s stock worth $8,215,000 after buying an additional 2,941 shares during the period. Finally, Cortland Associates Inc. MO boosted its stake in shares of Philip Morris International by 350.4% in the third quarter. Cortland Associates Inc. MO now owns 31,127 shares of the company’s stock worth $3,026,000 after buying an additional 24,216 shares during the period. Institutional investors and hedge funds own 71.65% of the company’s stock.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Philip Morris International Inc. (NYSE:PM) opened at 112.97 on Tuesday. Philip Morris International Inc. has a 1-year low of $86.78 and a 1-year high of $114.46. The firm has a market cap of $175.26 billion, a price-to-earnings ratio of 25.22 and a beta of 0.94. The firm has a 50-day moving average price of $105.46 and a 200-day moving average price of $97.11.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.68 billion. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. On average, analysts expect that Philip Morris International Inc. will post $4.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Investors of record on Thursday, March 23rd will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, March 21st. This represents a $4.16 annualized dividend and a yield of 3.65%. Philip Morris International’s payout ratio is currently 92.86%.

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A number of analysts have weighed in on PM shares. Vetr cut Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $98.02 price target on the stock. in a research report on Monday, January 2nd. Goldman Sachs Group Inc reiterated a “buy” rating and issued a $102.00 price target (down from $109.00) on shares of Philip Morris International in a research report on Tuesday, January 10th. Citigroup Inc reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, February 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $104.00 price target on shares of Philip Morris International in a research report on Friday, February 17th. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Philip Morris International currently has an average rating of “Hold” and an average target price of $104.45.

In related news, CEO Andre Calantzopoulos sold 35,000 shares of Philip Morris International stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 787,671 shares of the company’s stock, valued at approximately $80,854,428.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

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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