AGF Investments America Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,387 shares of the company’s stock after purchasing an additional 1,227 shares during the period. Philip Morris International makes up about 1.8% of AGF Investments America Inc.’s portfolio, making the stock its 25th biggest position. AGF Investments America Inc.’s holdings in Philip Morris International were worth $4,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PM. Lbmc Investment Advisors LLC increased its stake in shares of Philip Morris International by 0.7% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 5,009 shares of the company’s stock valued at $588,000 after purchasing an additional 36 shares during the last quarter. INR Advisory Services LLC bought a new position in shares of Philip Morris International in the 2nd quarter valued at $194,000. Neuberger Berman Group LLC increased its stake in shares of Philip Morris International by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 549,227 shares of the company’s stock valued at $64,507,000 after purchasing an additional 4,998 shares during the last quarter. Buckingham Asset Management LLC increased its stake in shares of Philip Morris International by 99.5% in the 2nd quarter. Buckingham Asset Management LLC now owns 19,854 shares of the company’s stock valued at $2,332,000 after purchasing an additional 9,901 shares during the last quarter. Finally, Hudock Capital Group LLC increased its stake in shares of Philip Morris International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock valued at $369,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 72.33% of the company’s stock.

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A number of equities research analysts recently weighed in on PM shares. Piper Jaffray Companies restated a “buy” rating and set a $126.00 price objective on shares of Philip Morris International in a research report on Thursday, February 8th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research report on Friday, January 19th. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Bank of America reduced their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $124.57.

Philip Morris International Inc. (PM) opened at $105.61 on Thursday. The company has a market capitalization of $164,040.00, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.85. Philip Morris International Inc. has a twelve month low of $96.66 and a twelve month high of $123.55. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. equities analysts anticipate that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, March 21st. Philip Morris International’s payout ratio is presently 87.17%.

In other Philip Morris International 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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 currently owned by insiders.

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Philip Morris International 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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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