Sowell Financial Services LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,786 shares of the company’s stock after acquiring an additional 23,103 shares during the period. Sowell Financial Services LLC’s holdings in Philip Morris International were worth $5,126,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Essex Investment Management Co. LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $27,000. Transamerica Financial Advisors Inc. raised its stake in shares of Philip Morris International by 552.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock worth $32,000 after purchasing an additional 398 shares during the period. Clean Yield Group bought a new stake in shares of Philip Morris International during the 4th quarter worth $37,000. Claybrook Capital LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $39,000. Finally, Clarfeld Financial Advisors LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $40,000. Institutional investors and hedge funds own 73.53% of the company’s stock.
In other news, CEO Andre Calantzopoulos sold 50,000 shares of the business’s stock in a transaction dated 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 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 can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 7th. The company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.46 billion. During the same quarter in the previous year, the firm earned $1.32 earnings per share. Philip Morris International’s revenue was down 9.6% on a year-over-year basis. As a group, research analysts forecast that Philip Morris International Inc. will post 5.33 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $4.56 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Monday, March 25th. Philip Morris International’s payout ratio is 89.41%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Thursday, April 4th. Morgan Stanley lowered their price objective on Philip Morris International from $102.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 8th. ValuEngine cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Jefferies Financial Group restated a “hold” rating and issued a $80.00 price objective on shares of Philip Morris International in a research note on Sunday, February 10th. Finally, 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 note on Friday, December 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $91.43.
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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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