Candriam Luxembourg S.C.A. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 280,535 shares of the company’s stock after buying an additional 12,051 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Philip Morris International were worth $29,639,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of PM. NewSquare Capital LLC increased its holdings in Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after buying an additional 100,228 shares in the last quarter. Front Row Advisors LLC bought a new stake in Philip Morris International in the 4th quarter worth about $118,000. Vantage Investment Advisors LLC increased its holdings in Philip Morris International by 1.0% in 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 in the last quarter. Cerebellum GP LLC bought a new stake in Philip Morris International in the 4th quarter worth about $128,000. Finally, Financial Engines Advisors L.L.C. increased its holdings in 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 worth $134,000 after buying an additional 962 shares in the last quarter. 72.33% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction dated 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 transaction, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction dated 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 transaction, the insider now directly owns 189,199 shares in the company, valued at $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.
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 Zacks’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion for 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 company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 earnings per share. equities research analysts anticipate that Philip Morris International Inc. will post 5.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.99%. Philip Morris International’s payout ratio is currently 87.17%.
Several research firms recently commented on PM. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, February 28th. They noted that the move was a valuation call. Bank of America reduced their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a report on Thursday, February 8th. Morgan Stanley lifted their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $124.57.
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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