Burney Co. grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,121 shares of the company’s stock after purchasing an additional 721 shares during the quarter. Burney Co.’s holdings in Philip Morris International were worth $342,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new position in shares of Philip Morris International in the 4th quarter worth about $387,000. Van ECK Associates Corp increased its position in shares of Philip Morris International by 13.0% during the fourth quarter. Van ECK Associates Corp now owns 582,318 shares of the company’s stock valued at $38,876,000 after buying an additional 66,917 shares during the period. Pacific Wealth Strategies Group Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $739,000. GSA Capital Partners LLP increased its position in shares of Philip Morris International by 239.5% during the fourth quarter. GSA Capital Partners LLP now owns 52,020 shares of the company’s stock valued at $3,473,000 after buying an additional 36,696 shares during the period. Finally, Wsfs Capital Management LLC increased its position in shares of Philip Morris International by 6.2% during the fourth quarter. Wsfs Capital Management LLC now owns 3,269 shares of the company’s stock valued at $218,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 73.53% of the company’s stock.
PM has been the topic of several analyst reports. Credit Suisse Group cut Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $92.00 to $74.00 in a research report on Tuesday, December 18th. Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 price objective (down from $111.25) on shares of Philip Morris International in a research report on Friday, December 28th. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. UBS Group raised Philip Morris International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $86.00 to $101.00 in a research note on Wednesday, February 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $80.00 target price on shares of Philip Morris International in a research note on Sunday, February 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $92.43.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 7th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.46 billion. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The firm’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. As a group, research analysts predict that Philip Morris International Inc. will post 5.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $4.56 annualized dividend and a dividend yield of 5.29%. Philip Morris International’s payout ratio is presently 89.41%.
In other news, CEO Andre Calantzopoulos sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the completion of the transaction, the chief executive officer now directly owns 844,901 shares in the company, valued at $71,613,808.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by company insiders.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and 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 Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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