Arbor Wealth Management LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,703 shares of the company’s stock after buying an additional 2,024 shares during the quarter. Philip Morris International makes up 3.1% of Arbor Wealth Management LLC’s portfolio, making the stock its 11th biggest holding. Arbor Wealth Management LLC’s holdings in Philip Morris International were worth $4,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of PM. South State Corp grew its position in shares of Philip Morris International by 0.4% during the second quarter. South State Corp now owns 15,076 shares of the company’s stock worth $1,771,000 after purchasing an additional 57 shares in the last quarter. Capital Wealth Planning LLC grew its position in shares of Philip Morris International by 70.3% during the second quarter. Capital Wealth Planning LLC now owns 17,140 shares of the company’s stock worth $2,013,000 after purchasing an additional 7,077 shares in the last quarter. Empirical Finance LLC purchased a new stake in shares of Philip Morris International during the second quarter worth about $304,000. CWA Asset Management Group LLC grew its position in shares of Philip Morris International by 9.4% during the second quarter. CWA Asset Management Group LLC now owns 26,629 shares of the company’s stock worth $3,128,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Philip Morris International by 6.0% during the second quarter. Teachers Advisors LLC now owns 3,803,693 shares of the company’s stock worth $446,744,000 after purchasing an additional 215,234 shares in the last quarter. Institutional investors and hedge funds own 72.18% of the company’s stock.

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In other news, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 189,199 shares of the company’s stock, valued at approximately $19,795,891.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the completion of the sale, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at $82,178,019.90. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

NYSE:PM opened at $102.95 on Tuesday. The company has a market capitalization of $158,196.47, a PE ratio of 20.88, a P/E/G ratio of 1.90 and a beta of 0.86. Philip Morris International Inc. has a 1 year low of $95.51 and a 1 year high of $123.55. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). The company 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%. Philip Morris International’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. research analysts expect that Philip Morris International Inc. will post 5.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Wednesday, March 21st. Philip Morris International’s payout ratio is 86.82%.

A number of equities analysts recently commented on the company. Piper Jaffray reissued a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a research note on Thursday, February 8th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Friday, January 19th. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Deutsche Bank assumed coverage on Philip Morris International in a research note on Tuesday, April 10th. They set a “buy” rating and a $120.00 price target for the company. Finally, TheStreet lowered Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $123.50.

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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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