DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,445 shares of the company’s stock after buying an additional 635 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Philip Morris International were worth $3,167,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PM. Vigilant Capital Management LLC boosted its position in shares of Philip Morris International by 195.6% in the fourth quarter. Vigilant Capital Management LLC now owns 665 shares of the company’s stock worth $44,000 after purchasing an additional 440 shares during the period. Winthrop Advisory Group LLC bought a new position in shares of Philip Morris International during the fourth quarter worth $102,000. QCI Asset Management Inc. NY boosted its position in shares of Philip Morris International by 29.5% during the fourth quarter. QCI Asset Management Inc. NY now owns 1,755 shares of the company’s stock worth $117,000 after acquiring an additional 400 shares during the last quarter. Vectors Research Management LLC bought a new position in shares of Philip Morris International during the third quarter worth $128,000. Finally, Dubuque Bank & Trust Co. boosted its position in shares of Philip Morris International by 35.9% during the fourth quarter. Dubuque Bank & Trust Co. now owns 2,080 shares of the company’s stock worth $139,000 after acquiring an additional 550 shares during the last quarter. 72.68% of the stock is owned by institutional investors and hedge funds.

Shares of PM opened at $73.79 on Friday. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $111.25. The firm has a market capitalization of $112.73 billion, a PE ratio of 14.97, a PEG ratio of 1.57 and a beta of 0.86.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.16. The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.16 billion. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 5.01 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Thursday, December 20th were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 6.18%. The ex-dividend date was Wednesday, December 19th. Philip Morris International’s dividend payout ratio is presently 92.49%.

PM has been the subject of a number of research reports. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Piper Jaffray Companies set a $99.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Sanford C. Bernstein initiated coverage on shares of Philip Morris International in a research report on Tuesday, October 16th. They set an “outperform” rating and a $97.00 target price for the company. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Citigroup upped their target price on shares of Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $92.08.

In related news, Director Louis C. Camilleri sold 59,495 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $86.98, for a total value of $5,174,875.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

See Also: Net Income

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

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