Valeo Financial Advisors LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 18.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,372 shares of the company’s stock after buying an additional 3,152 shares during the period. Valeo Financial Advisors LLC’s holdings in Philip Morris International were worth $2,152,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vantage Investment Advisors LLC lifted its holdings in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after purchasing an additional 10 shares in the last quarter. Front Row Advisors LLC purchased a new position in Philip Morris International during the fourth quarter valued at $118,000. Financial Engines Advisors L.L.C. lifted its holdings in Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after purchasing an additional 962 shares in the last quarter. Cerebellum GP LLC purchased a new position in Philip Morris International during the fourth quarter valued at $128,000. Finally, Bank of Nova Scotia Trust Co. purchased a new position in Philip Morris International during the third quarter valued at $135,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the sale, the chief executive officer now directly owns 792,765 shares in the company, valued at $82,178,019.90. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the sale, the insider now owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.
Shares of Philip Morris International Inc. (NYSE PM) opened at $97.67 on Friday. Philip Morris International Inc. has a 12-month low of $96.66 and a 12-month high of $123.55. The stock has a market cap of $151,828.23, a PE ratio of 20.80, a P/E/G ratio of 1.84 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35.
Philip Morris International (NYSE:PM) last released 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 negative return on equity of 71.99% and a net margin of 7.73%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. Philip Morris International’s revenue for the quarter was up 19.0% on a year-over-year basis. analysts predict that Philip Morris International Inc. will post 5.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.38%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s payout ratio is currently 110.59%.
Philip Morris International Company 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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