First Allied Advisory Services Inc. raised its position in Philip Morris International Inc. (NYSE:PM) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 42,395 shares of the company’s stock after buying an additional 930 shares during the period. First Allied Advisory Services Inc.’s holdings in Philip Morris International were worth $3,879,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $259,000. Cim Investment Mangement Inc. raised its stake in shares of Philip Morris International by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 10,157 shares of the company’s stock worth $929,000 after buying an additional 117 shares during the last quarter. Smith Shellnut Wilson LLC ADV acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $522,000. Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $630,000. Finally, Exchange Capital Management Inc. raised its stake in shares of Philip Morris International by 1.7% in the fourth quarter. Exchange Capital Management Inc. now owns 41,003 shares of the company’s stock worth $3,751,000 after buying an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.
Philip Morris International Inc. (NYSE:PM) opened at 112.97 on Tuesday. Philip Morris International Inc. has a 52 week low of $86.78 and a 52 week high of $114.46. The company has a 50 day moving average price of $105.46 and a 200-day moving average price of $97.11. The company has a market capitalization of $175.26 billion, a P/E ratio of 25.22 and a beta of 0.94.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by $0.02. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. The business earned $7 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Philip Morris International Inc. will post $4.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd will be paid a $1.04 dividend. The ex-dividend date is Tuesday, March 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.65%. Philip Morris International’s payout ratio is 92.86%.
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A number of equities research analysts have commented on the company. Vetr lowered Philip Morris International from a “sell” rating to a “strong sell” rating and set a $96.34 price objective for the company. in a research report on Monday, March 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $104.00 price target on shares of Philip Morris International in a research note on Friday, February 17th. Citigroup Inc reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Wednesday, February 8th. Goldman Sachs Group Inc raised their price target on Philip Morris International from $101.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note 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 company. The company currently has an average rating of “Hold” and an average target price of $104.45.
In other Philip Morris International 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 value of $3,592,750.00. Following the completion of the transaction, the chief executive officer now directly owns 787,671 shares of the company’s stock, valued at $80,854,428.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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