First Long Island Investors LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,303 shares of the company’s stock after selling 1,555 shares during the period. First Long Island Investors LLC’s holdings in Philip Morris International were worth $11,102,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in Philip Morris International by 25.1% during the third quarter. Thrivent Financial for Lutherans now owns 181,402 shares of the company’s stock worth $14,791,000 after purchasing an additional 36,357 shares during the last quarter. Schroder Investment Management Group increased its position in Philip Morris International by 53.0% during the third quarter. Schroder Investment Management Group now owns 5,916,842 shares of the company’s stock worth $482,460,000 after purchasing an additional 2,048,754 shares during the last quarter. JGP Wealth Management LLC increased its position in Philip Morris International by 19.8% during the third quarter. JGP Wealth Management LLC now owns 3,041 shares of the company’s stock worth $249,000 after purchasing an additional 502 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in Philip Morris International by 137.1% during the fourth quarter. Joel Isaacson & Co. LLC now owns 17,149 shares of the company’s stock worth $1,192,000 after purchasing an additional 9,915 shares during the last quarter. Finally, First Foundation Advisors increased its position in Philip Morris International by 6.4% during the third quarter. First Foundation Advisors now owns 399,496 shares of the company’s stock worth $32,575,000 after purchasing an additional 23,947 shares during the last quarter. 74.45% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday. Piper Jaffray Companies set a $110.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Monday, December 3rd. UBS Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $101.00 in a research note on Wednesday, February 27th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, February 14th. Finally, Credit Suisse Group downgraded shares of Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $92.00 to $74.00 in a research note on Tuesday, December 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $91.86.
Shares of PM stock opened at $90.85 on Friday. The firm has a market capitalization of $141.23 billion, a PE ratio of 17.81, a PEG ratio of 1.85 and a beta of 0.95. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $105.80.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.09. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.46 billion. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. As a group, analysts anticipate that Philip Morris International Inc. will post 5.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Monday, March 25th. This represents a $4.56 annualized dividend and a dividend yield of 5.02%. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.
In other news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the completion of the transaction, the chief executive officer now directly owns 844,901 shares in the company, valued at $71,613,808.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
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About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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