Philip Morris International Inc. (PM) Shares Bought by Fort L.P.

Fort L.P. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2,447.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,692 shares of the company’s stock after purchasing an additional 7,390 shares during the period. Fort L.P.’s holdings in Philip Morris International were worth $514,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Philip Morris International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after purchasing an additional 1,516,211 shares during the period. Vanguard Group Inc boosted its stake in Philip Morris International by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after purchasing an additional 1,516,211 shares during the period. BlackRock Inc. boosted its stake in Philip Morris International by 5.1% during the 4th quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after purchasing an additional 4,576,645 shares during the period. Capital Research Global Investors boosted its stake in Philip Morris International by 11.0% during the 3rd quarter. Capital Research Global Investors now owns 46,383,194 shares of the company’s stock valued at $3,782,086,000 after purchasing an additional 4,613,349 shares during the period. Finally, Capital International Investors boosted its stake in Philip Morris International by 325.0% during the 3rd quarter. Capital International Investors now owns 33,897,955 shares of the company’s stock valued at $2,764,039,000 after purchasing an additional 25,922,397 shares during the period. 73.53% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Andre Calantzopoulos sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the transaction, the chief executive officer now directly owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

A number of research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Philip Morris International from $88.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Bank of America restated a “sell” rating and set a $74.00 price target on shares of Philip Morris International in a research report on Tuesday, March 26th. Finally, Citigroup boosted their price target on shares of Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.43.

Shares of Philip Morris International stock traded down $0.99 during trading on Friday, hitting $84.49. The stock had a trading volume of 7,765,417 shares, compared to its average volume of 5,232,575. The company has a market cap of $131.45 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 2.23 and a beta of 0.95. Philip Morris International Inc. has a 1 year low of $64.67 and a 1 year high of $94.26.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.10. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, research analysts predict that Philip Morris International Inc. will post 5.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were given a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 89.41%.

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Philip Morris International Company 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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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