InterOcean Capital LLC Has $937,000 Stake in Philip Morris International Inc. (PM)

InterOcean Capital LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,240 shares of the company’s stock after selling 437 shares during the period. InterOcean Capital LLC’s holdings in Philip Morris International were worth $937,000 at the end of the most recent quarter.

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 raised its stake 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 in 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. Philip Morris International Inc. has a 52-week low of $86.78 and a 52-week high of $115.63. The stock has a market capitalization of $170.62 billion, a price-to-earnings ratio of 24.55 and a beta of 0.94. 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 was the recipient of unusually large options trading on Thursday. Investors bought 1,051 put options on the company. This represents an increase of 487% compared to the typical volume of 179 put options.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.05. The firm earned $6.06 billion during 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%. Philip Morris International’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Thursday, March 23rd were given a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, March 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.78%. Philip Morris International’s payout ratio is 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 reissued a “buy” rating and set a $102.00 price objective (down from $109.00) on shares of Philip Morris International in a research 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 Philip Morris International 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 sale, the chief executive officer now directly owns 787,671 shares in the company, valued at $80,854,428.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.

5 Day Chart for NYSE:PM

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