We Are One Seven LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,999 shares of the company’s stock, valued at approximately $845,000.
A number of other hedge funds have also recently modified their holdings of PM. NewSquare Capital LLC raised its stake in shares of Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after acquiring an additional 100,228 shares during the period. Front Row Advisors LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $118,000. Wolverine Asset Management LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $126,000. Cerebellum GP LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $128,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $129,000. 72.21% of the stock is currently owned by institutional investors.
Shares of PM opened at $101.85 on Monday. Philip Morris International Inc. has a fifty-two week low of $95.51 and a fifty-two week high of $123.55. The company has a market cap of $155,711.31, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.20%. The ex-dividend date was Wednesday, March 21st. Philip Morris International’s payout ratio is currently 86.82%.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the transaction, the chief executive officer now owns 792,765 shares in the company, valued at approximately $82,178,019.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the transaction, the insider now owns 189,199 shares of the company’s stock, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on PM shares. Citigroup raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Bank of America reduced their price target on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Piper Jaffray reissued a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a research note on Thursday, February 8th. Finally, Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $123.50.
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Philip Morris International 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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