BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Philip Morris International Inc. (NYSE:PM) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 792,494 shares of the company’s stock after acquiring an additional 35,250 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.05% of Philip Morris International worth $83,727,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Doliver Capital Advisors LP boosted its holdings in Philip Morris International by 8.1% in the 3rd quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock valued at $3,303,000 after purchasing an additional 2,242 shares in the last quarter. Swiss National Bank boosted its holdings in Philip Morris International by 1.0% in the 3rd quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock valued at $661,401,000 after purchasing an additional 58,900 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Philip Morris International by 25.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,202,010 shares of the company’s stock valued at $466,465,000 after purchasing an additional 848,700 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Philip Morris International by 0.9% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 100,072 shares of the company’s stock valued at $10,573,000 after purchasing an additional 872 shares in the last quarter. Finally, Cedar Wealth Management LLC boosted its holdings in Philip Morris International by 17.9% in the 3rd quarter. Cedar Wealth Management LLC now owns 471,240 shares of the company’s stock valued at $52,312,000 after purchasing an additional 71,477 shares in the last quarter. Hedge funds and other institutional investors own 72.18% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of NYSE:PM opened at $102.95 on Tuesday. The company has a market cap of $158,196.47, a PE ratio of 20.88, a PEG ratio of 1.90 and a beta of 0.86. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35. Philip Morris International Inc. has a 12 month low of $95.51 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. During the same period in the previous year, the company posted $1.10 EPS. Philip Morris International’s quarterly revenue was up 19.0% compared to the same quarter last year. analysts expect that Philip Morris International Inc. will post 5.28 EPS for the current fiscal year.

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

A number of brokerages have weighed in on PM. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Deutsche Bank began coverage on Philip Morris International in a report on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price objective on the stock. Bank of America lowered their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Piper Jaffray reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a report on Thursday, February 8th. Finally, TheStreet lowered Philip Morris International from a “b-” rating to a “c+” rating in a report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $123.50.

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

ILLEGAL ACTIVITY NOTICE: “BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 35,250 Shares of Philip Morris International Inc. (PM)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2018/04/17/british-columbia-investment-management-corp-buys-35250-shares-of-philip-morris-international-inc-pm.html.

About Philip Morris International

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.