Cantab Capital Partners LLP Boosts Position in Philip Morris International Inc. (PM)

Cantab Capital Partners LLP increased its stake in Philip Morris International Inc. (NYSE:PM) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,765 shares of the company’s stock after buying an additional 2,418 shares during the period. Philip Morris International accounts for approximately 0.5% of Cantab Capital Partners LLP’s investment portfolio, making the stock its 22nd largest position. Cantab Capital Partners LLP’s holdings in Philip Morris International were worth $1,991,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PM. FMR LLC increased its position in shares of Philip Morris International by 19.4% in the fourth quarter. FMR LLC now owns 16,346,501 shares of the company’s stock valued at $1,495,542,000 after buying an additional 2,652,184 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Philip Morris International by 798.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,957,580 shares of the company’s stock valued at $270,668,000 after buying an additional 2,628,447 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Philip Morris International during the fourth quarter valued at about $188,756,000. Canada Pension Plan Investment Board increased its position in shares of Philip Morris International by 651.6% in the third quarter. Canada Pension Plan Investment Board now owns 2,368,710 shares of the company’s stock valued at $230,286,000 after buying an additional 2,053,535 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Philip Morris International by 422.8% in the fourth quarter. Marshall Wace LLP now owns 1,416,549 shares of the company’s stock valued at $129,600,000 after buying an additional 1,145,602 shares during the last quarter. Hedge funds and other institutional investors own 71.65% of the company’s stock.

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

Shares of Philip Morris International Inc. (NYSE:PM) traded down 3.45% during mid-day trading on Thursday, hitting $109.98. 9,706,833 shares of the company’s stock were exchanged. Philip Morris International Inc. has a 52 week low of $86.78 and a 52 week high of $115.63. The company has a market capitalization of $170.62 billion, a price-to-earnings ratio of 24.55 and a beta of 0.94. The firm has a 50 day moving average price of $112.40 and a 200-day moving average price of $99.25. Philip Morris International also was the recipient of some unusual options trading on Thursday. Traders bought 1,051 put options on the stock. This represents an increase of 487% compared to the average daily volume of 179 put options.

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

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

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Several analysts have recently weighed in on the stock. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $99.56 target price on the stock in a report on Tuesday, January 24th. Cowen and Company restated an “outperform” rating and set a $120.00 target price on shares of Philip Morris International in a research report on Wednesday. Jefferies Group LLC set a $111.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Wednesday. Barclays PLC lifted their target price on shares of Philip Morris International from $108.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 29th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $110.00 target price on shares of Philip Morris International in a research report on Wednesday, December 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus price target of $111.57.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 35,000 shares of the stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $102.65, for a total value of $3,592,750.00. Following the completion of the transaction, the chief executive officer now directly owns 787,671 shares in the company, valued at $80,854,428.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company 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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