Philip Morris International Inc. (PM) Stake Raised by First Long Island Investors LLC

First Long Island Investors LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 9.7% in the 4th quarter, Holdings Channel reports. The firm owned 125,320 shares of the company’s stock after purchasing an additional 11,045 shares during the period. Philip Morris International comprises about 1.8% of First Long Island Investors LLC’s holdings, making the stock its 26th largest position. First Long Island Investors LLC’s holdings in Philip Morris International were worth $13,240,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in Philip Morris International by 6,572.3% in the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after acquiring an additional 100,228 shares during the last quarter. Front Row Advisors LLC purchased a new stake in Philip Morris International in the fourth quarter valued at $118,000. Vantage Investment Advisors LLC lifted its position in Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Philip Morris International in the fourth quarter valued at $128,000. Finally, Financial Engines Advisors L.L.C. raised its holdings in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after buying an additional 962 shares during the last quarter. 72.33% of the stock is owned by institutional investors and hedge funds.

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Philip Morris International Inc. (NYSE PM) opened at $107.14 on Tuesday. Philip Morris International Inc. has a one year low of $96.66 and a one year 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. The stock has a market cap of $168,214.81, a PE ratio of 23.04, a PEG ratio of 2.03 and a beta of 0.85.

Philip Morris International (NYSE:PM) last issued its quarterly 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 negative return on equity of 71.99% and a net margin of 7.73%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The company’s revenue was up 19.0% compared to the same quarter last year. research analysts predict that Philip Morris International Inc. will post 5.27 EPS for the current 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 given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 3.99%. Philip Morris International’s payout ratio is currently 110.59%.

In other Philip Morris International news, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andre Calantzopoulos sold 49,000 shares of the company’s 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 owns 792,765 shares in the company, valued at $82,178,019.90. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

A number of brokerages have recently commented on PM. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $137.00 target price (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Citigroup reduced their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Friday, January 19th. Finally, Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $124.57.

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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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