Foundations Investment Advisors LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 71.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,665 shares of the company’s stock after acquiring an additional 11,079 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Philip Morris International were worth $2,699,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Ameritas Advisory Services LLC lifted its holdings in shares of Philip Morris International by 0.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 15,762 shares of the company’s stock valued at $1,308,000 after buying an additional 133 shares during the period. Meixler Investment Management Ltd. increased its stake in Philip Morris International by 9.5% during the 3rd quarter. Meixler Investment Management Ltd. now owns 35,760 shares of the company’s stock worth $2,968,000 after buying an additional 3,089 shares in the last quarter. WealthPlan Investment Management LLC purchased a new stake in Philip Morris International during the 3rd quarter worth approximately $263,000. Gradient Investments LLC increased its stake in Philip Morris International by 5.2% during the 3rd quarter. Gradient Investments LLC now owns 5,136 shares of the company’s stock worth $426,000 after buying an additional 254 shares in the last quarter. Finally, First Financial Bank Trust Division increased its stake in Philip Morris International by 8.3% during the 3rd quarter. First Financial Bank Trust Division now owns 3,106 shares of the company’s stock worth $258,000 after buying an additional 239 shares in the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.
Insider Transactions at Philip Morris International
In other news, Chairman Andre Calantzopoulos sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $100.35, for a total transaction of $8,028,000.00. Following the completion of the transaction, the chairman now directly owns 1,007,048 shares of the company’s stock, valued at approximately $101,057,266.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Andre Calantzopoulos sold 80,000 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $100.35, for a total transaction of $8,028,000.00. Following the completion of the sale, the chairman now directly owns 1,007,048 shares of the company’s stock, valued at approximately $101,057,266.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacey Kennedy sold 20,308 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $100.30, for a total transaction of $2,036,892.40. Following the sale, the insider now directly owns 22,418 shares of the company’s stock, valued at $2,248,525.40. The disclosure for this sale can be found here. Insiders sold a total of 117,064 shares of company stock valued at $11,738,763 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.
Philip Morris International Stock Performance
Philip Morris International (NYSE:PM – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. Philip Morris International had a net margin of 11.22% and a negative return on equity of 127.24%. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period last year, the firm earned $1.35 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current year.
Philip Morris International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd will be given a dividend of $1.27 per share. The ex-dividend date of this dividend is Wednesday, March 22nd. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.36%. Philip Morris International’s payout ratio is 87.44%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on PM shares. StockNews.com initiated coverage on Philip Morris International in a research note on Thursday. They set a “hold” rating for the company. UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $106.00 to $116.00 in a report on Wednesday, March 1st. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $95.00 to $109.00 and gave the company a “neutral” rating in a report on Monday, February 13th. Jefferies Financial Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and upped their price target for the stock from $86.00 to $118.00 in a research note on Thursday, January 19th. Finally, Societe Generale began coverage on Philip Morris International in a research note on Monday, January 23rd. They set a “sell” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.73.
Philip Morris International Company Profile
Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.
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