Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 7.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 414,831 shares of the company’s stock after acquiring an additional 27,451 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Philip Morris International were worth $39,409,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of PM. Flossbach Von Storch AG boosted its position in Philip Morris International by 72.4% in the fourth quarter. Flossbach Von Storch AG now owns 7,527,390 shares of the company’s stock valued at $715,102,000 after buying an additional 3,160,310 shares during the last quarter. GQG Partners LLC boosted its position in Philip Morris International by 21.2% in the third quarter. GQG Partners LLC now owns 14,236,513 shares of the company’s stock valued at $1,349,383,000 after buying an additional 2,491,345 shares during the last quarter. Capital World Investors boosted its position in Philip Morris International by 2.7% in the third quarter. Capital World Investors now owns 82,760,572 shares of the company’s stock valued at $7,844,875,000 after buying an additional 2,152,766 shares during the last quarter. Natixis boosted its position in Philip Morris International by 346.1% in the third quarter. Natixis now owns 2,518,090 shares of the company’s stock valued at $238,690,000 after buying an additional 1,953,671 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Philip Morris International by 1,483.2% in the third quarter. Two Sigma Advisers LP now owns 1,190,600 shares of the company’s stock valued at $112,857,000 after buying an additional 1,115,400 shares during the last quarter. Institutional investors and hedge funds own 75.20% of the company’s stock.
A number of equities research analysts recently commented on PM shares. JPMorgan Chase & Co. lowered Philip Morris International from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $110.00 in a research report on Monday, March 7th. Morgan Stanley upped their price objective on Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Bank of America upped their price objective on Philip Morris International from $107.00 to $117.00 in a research report on Sunday, April 24th. Stifel Nicolaus lowered their price objective on Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, March 25th. Finally, Barclays lowered their price objective on Philip Morris International from $125.00 to $120.00 in a research report on Friday, February 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $112.00.
Philip Morris International (NYSE:PM – Get Rating) last issued its earnings results on Thursday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period last year, the company earned $1.57 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Philip Morris International Inc. will post 5.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Shareholders of record on Thursday, March 24th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Wednesday, March 23rd. Philip Morris International’s dividend payout ratio (DPR) is presently 86.51%.
In other news, insider Wilde Frederic De sold 29,941 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $108.49, for a total transaction of $3,248,299.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.
Philip Morris International Profile (Get Rating)
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.
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