Smith Shellnut Wilson LLC ADV bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, Holdings Channel reports. The firm bought 5,702 shares of the company’s stock, valued at approximately $522,000.
A number of other hedge funds also recently modified their holdings of the stock. Acropolis Investment Management LLC raised its position in shares of Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock worth $103,000 after buying an additional 5 shares during the period. Cornerstone Advisors Inc. increased its position in shares of Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock worth $112,000 after buying an additional 13 shares in the last quarter. Trent Capital Management Inc. NC purchased a new position in shares of Philip Morris International during the fourth quarter worth $113,000. Liberty Capital Management Inc. purchased a new position in shares of Philip Morris International during the third quarter worth $116,000. Finally, Vantage Investment Advisors LLC increased its position in shares of Philip Morris International by 1.6% in the third quarter. Vantage Investment Advisors LLC now owns 1,225 shares of the company’s stock worth $119,000 after buying an additional 19 shares in 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 113.00 on Monday. Philip Morris International Inc. has a 1-year low of $86.78 and a 1-year high of $114.46. The stock has a market capitalization of $175.31 billion, a PE ratio of 25.22 and a beta of 0.94. The firm has a 50-day moving average of $105.46 and a 200-day moving average of $97.11.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business earned $7 billion during the quarter, compared to the consensus estimate of $6.68 billion. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. Equities analysts expect that Philip Morris International Inc. will post $4.84 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Investors of record on Thursday, March 23rd will be paid a $1.04 dividend. The ex-dividend date of this dividend is Tuesday, March 21st. This represents a $4.16 annualized dividend and a dividend yield of 3.68%. Philip Morris International’s payout ratio is 92.86%.
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Several research firms have weighed in on PM. Vetr downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $101.10 price target for the company. in a research note on Wednesday, January 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $104.00 price target on shares of Philip Morris International in a research note on Friday, February 17th. Bank of America Corp downgraded shares of Philip Morris International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $102.00 to $96.00 in a research note on Wednesday, January 4th. Goldman Sachs Group Inc reaffirmed a “buy” rating and issued a $102.00 price target (down from $109.00) on shares of Philip Morris International in a research note on Tuesday, January 10th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Philip Morris International in a research note on Wednesday, December 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $104.45.
In related news, CEO Andre Calantzopoulos sold 35,000 shares of the stock in a transaction dated Wednesday, February 15th. The shares were 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 in the company, valued at approximately $80,854,428.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.
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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