Wealthstreet Investment Advisors LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 72,587 shares of the company’s stock, valued at approximately $7,669,000. Philip Morris International comprises about 0.9% of Wealthstreet Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest position.
Other large investors also recently bought and sold shares of the company. Cooke & Bieler LP boosted its stake in shares of Philip Morris International by 12.2% during the 4th quarter. Cooke & Bieler LP now owns 577,169 shares of the company’s stock worth $60,978,000 after acquiring an additional 62,798 shares during the period. Sigma Planning Corp boosted its stake in shares of Philip Morris International by 16.7% during the 4th quarter. Sigma Planning Corp now owns 33,152 shares of the company’s stock worth $3,503,000 after acquiring an additional 4,734 shares during the period. First Long Island Investors LLC boosted its stake in shares of Philip Morris International by 9.7% during the 4th quarter. First Long Island Investors LLC now owns 125,320 shares of the company’s stock worth $13,240,000 after acquiring an additional 11,045 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Philip Morris International by 3.5% during the 4th quarter. LS Investment Advisors LLC now owns 42,083 shares of the company’s stock worth $4,446,000 after acquiring an additional 1,407 shares during the period. Finally, Gradient Investments LLC bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $8,753,000. 72.33% of the stock is currently owned by hedge funds and other institutional investors.
PM has been the subject of several research analyst reports. Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Bank of America reduced their target price on 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. Finally, Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $124.57.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. equities analysts predict 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. Investors of record on Thursday, March 22nd will be paid a $1.07 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 3.99%. Philip Morris International’s dividend payout ratio (DPR) is presently 87.17%.
In other news, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the sale, the chief executive officer now directly owns 792,765 shares in the company, valued at approximately $82,178,019.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at $19,795,891.37. The disclosure for this sale can be found here. Insiders own 0.23% 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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