Cypress Capital Management LLC WY lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,670 shares of the company’s stock after selling 1,950 shares during the quarter. Philip Morris International accounts for approximately 2.1% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 9th biggest position. Cypress Capital Management LLC WY’s holdings in Philip Morris International were worth $1,867,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. NewSquare Capital LLC lifted its stake 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 purchasing an additional 100,228 shares during the last quarter. Vantage Investment Advisors LLC increased its holdings in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the period. Cerebellum GP LLC bought a new position in Philip Morris International in the fourth quarter valued at $128,000. Financial Engines Advisors L.L.C. increased its stake in 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 acquiring an additional 962 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in Philip Morris International in the fourth quarter valued at $134,000. 72.33% of the stock is currently owned by institutional investors.
In other news, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the transaction, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was 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 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). The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. research analysts forecast that Philip Morris International Inc. will post 5.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s payout ratio is 110.59%.
Several analysts have issued reports on the stock. Bank of America cut their price target on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $126.00 target price on shares of Philip Morris International in a research note on Thursday, February 8th. Citigroup raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley raised their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus 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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