Hutner Capital Management Inc. Has $5.348 Million Stake in Philip Morris International Inc. (PM)

Hutner Capital Management Inc. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,450 shares of the company’s stock after buying an additional 2,400 shares during the period. Philip Morris International accounts for approximately 4.4% of Hutner Capital Management Inc.’s holdings, making the stock its 9th largest position. Hutner Capital Management Inc.’s holdings in Philip Morris International were worth $5,348,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PM. Parametrica Management Ltd acquired a new position in Philip Morris International during the third quarter valued at approximately $382,000. Highland Capital Management LLC raised its stake in Philip Morris International by 0.4% in the third quarter. Highland Capital Management LLC now owns 79,960 shares of the company’s stock worth $7,774,000 after buying an additional 300 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Philip Morris International by 0.8% in the third quarter. Gulf International Bank UK Ltd now owns 25,149 shares of the company’s stock worth $2,444,000 after buying an additional 200 shares in the last quarter. Toth Financial Advisory Corp raised its stake in Philip Morris International by 1.5% in the third quarter. Toth Financial Advisory Corp now owns 8,236 shares of the company’s stock worth $801,000 after buying an additional 125 shares in the last quarter. Finally, Verus Financial Partners Inc. raised its stake in Philip Morris International by 0.6% in the third quarter. Verus Financial Partners Inc. now owns 34,991 shares of the company’s stock worth $3,402,000 after buying an additional 222 shares in the last quarter. 71.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Philip Morris International Inc. (NYSE:PM) traded down 3.82% during midday trading on Thursday, hitting $109.56. The company had a trading volume of 5,521,579 shares. Philip Morris International Inc. has a 12-month low of $86.78 and a 12-month high of $115.63. The firm has a market capitalization of $169.97 billion, a P/E ratio of 24.46 and a beta of 0.94. The firm’s 50-day moving average is $112.40 and its 200-day moving average is $99.25. Philip Morris International also was the recipient of unusually large options trading on Thursday. Traders bought 1,051 put options on the company. This is an increase of 487% compared to the typical volume of 179 put options.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Tuesday, March 21st. Philip Morris International’s payout ratio is currently 92.86%.

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A number of equities analysts have commented 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 for the company. in a report on Monday, January 2nd. Goldman Sachs Group Inc reissued a “buy” rating and set a $102.00 price target (down previously from $109.00) on shares of Philip Morris International in a report on Tuesday, January 10th. Citigroup Inc reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, February 8th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Wednesday, March 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $104.00 price target on shares of Philip Morris International in a research report on Friday, February 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $111.57.

In other news, CEO Andre Calantzopoulos sold 35,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $80,854,428.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is owned by company insiders.

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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