Texas Yale Capital Corp. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,518 shares of the company’s stock after acquiring an additional 675 shares during the period. Texas Yale Capital Corp.’s holdings in Philip Morris International were worth $2,062,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PM. Willingdon Wealth Management boosted its holdings in shares of Philip Morris International by 7.8% in the second quarter. Willingdon Wealth Management now owns 4,637 shares of the company’s stock worth $545,000 after acquiring an additional 335 shares during the period. Andra AP fonden boosted its holdings in shares of Philip Morris International by 14.2% in the second quarter. Andra AP fonden now owns 95,600 shares of the company’s stock worth $11,228,000 after acquiring an additional 11,900 shares during the period. Airain ltd bought a new position in shares of Philip Morris International in the second quarter worth $3,853,000. BDO Wealth Advisors LLC bought a new position in shares of Philip Morris International in the second quarter worth $178,000. Finally, Windsor Capital Management LLC boosted its holdings in shares of Philip Morris International by 4.1% in the second quarter. Windsor Capital Management LLC now owns 8,056 shares of the company’s stock worth $946,000 after acquiring an additional 318 shares during the period. 72.33% of the stock is owned by hedge funds and other institutional investors.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the firm’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 sale, the chief executive officer now owns 792,765 shares in the company, valued at $82,178,019.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 189,199 shares in the company, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
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 Thomson Reuters’ consensus estimate 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 business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same period in the prior year, the business posted $1.10 EPS. Philip Morris International’s quarterly revenue was up 19.0% on a year-over-year basis. equities analysts expect that Philip Morris International Inc. will post 5.27 EPS for the current fiscal year.
The company also recently declared 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 dividend on an annualized basis and a yield of 3.99%. Philip Morris International’s payout ratio is 87.17%.
PM has been the subject of a number of analyst reports. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 11th. 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 report 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 report on Wednesday, February 28th. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $137.00 price target (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Finally, Bank of America dropped their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $124.57.
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.
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