Bristol Advisors LLC Invests $448,000 in Philip Morris International Inc. (PM)

Bristol Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,900 shares of the company’s stock, valued at approximately $448,000.

Several other large investors have also recently made changes to their positions in the stock. Summit Financial Wealth Advisors LLC raised its stake in shares of Philip Morris International by 7.0% in the third quarter. Summit Financial Wealth Advisors LLC now owns 30,957 shares of the company’s stock valued at $3,010,000 after buying an additional 2,016 shares in the last quarter. Acropolis Investment Management LLC increased its position in shares of Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock valued at $103,000 after buying an additional 5 shares during the last quarter. Private Asset Management Inc. increased its position in shares of Philip Morris International by 6.1% in the third quarter. Private Asset Management Inc. now owns 16,498 shares of the company’s stock valued at $1,604,000 after buying an additional 950 shares during the last quarter. Stillwater Investment Management LLC increased its position in shares of Philip Morris International by 19.4% in the third quarter. Stillwater Investment Management LLC now owns 3,117 shares of the company’s stock valued at $303,000 after buying an additional 506 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Philip Morris International by 4.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 20,417 shares of the company’s stock valued at $1,985,000 after buying an additional 915 shares during the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

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

Philip Morris International Inc. (NYSE:PM) traded down 3.45% during midday trading on Thursday, reaching $109.98. 9,706,833 shares of the company were exchanged. The stock has a market capitalization of $170.62 billion, a price-to-earnings ratio of 24.55 and a beta of 0.94. Philip Morris International Inc. has a 52-week low of $86.78 and a 52-week high of $115.63. The firm’s 50-day moving average price is $112.40 and its 200 day moving average price is $99.25. Philip Morris International also saw unusually large options trading on Thursday. Investors purchased 1,051 put options on the company. This represents an increase of approximately 487% compared to the average volume of 179 put options.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, April 20th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities analysts predict that Philip Morris International Inc. will post $4.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Thursday, March 23rd were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Tuesday, March 21st. Philip Morris International’s payout ratio is presently 92.86%.

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Several research analysts have issued reports on PM shares. Vetr downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $98.02 price objective on the stock. in a research report on Monday, January 2nd. Goldman Sachs Group Inc reaffirmed a “buy” rating and issued a $102.00 target price (down previously from $109.00) on shares of Philip Morris International in a report on Tuesday, January 10th. Citigroup Inc reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, February 8th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Wednesday, March 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $104.00 target price on shares of Philip Morris International in a report on Friday, February 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $111.57.

In related news, CEO Andre Calantzopoulos sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $102.65, for a total transaction of $3,592,750.00. Following the transaction, the chief executive officer now directly owns 787,671 shares of the company’s stock, valued at approximately $80,854,428.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.

About Philip Morris International

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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