Brookstone Capital Management boosted its holdings in Philip Morris International Inc. (NYSE:PM – Get Rating) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,436 shares of the company’s stock after buying an additional 116 shares during the period. Brookstone Capital Management’s holdings in Philip Morris International were worth $2,736,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC grew its position in shares of Philip Morris International by 0.9% during the third quarter. Ameritas Advisory Services LLC now owns 15,762 shares of the company’s stock valued at $1,308,000 after purchasing an additional 133 shares in the last quarter. Meixler Investment Management Ltd. grew its position in shares of Philip Morris International by 9.5% during the third quarter. Meixler Investment Management Ltd. now owns 35,760 shares of the company’s stock valued at $2,968,000 after purchasing an additional 3,089 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in shares of Philip Morris International during the third quarter valued at about $263,000. Gradient Investments LLC grew its position in shares of Philip Morris International by 5.2% during the third quarter. Gradient Investments LLC now owns 5,136 shares of the company’s stock valued at $426,000 after purchasing an additional 254 shares in the last quarter. Finally, First Financial Bank Trust Division grew its position in shares of Philip Morris International by 8.3% during the third quarter. First Financial Bank Trust Division now owns 3,106 shares of the company’s stock valued at $258,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 75.85% of the company’s stock.
Analyst Upgrades and Downgrades
PM has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on Philip Morris International from $109.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, February 2nd. Societe Generale started coverage on Philip Morris International in a research report on Monday, January 23rd. They issued a “sell” rating and a $90.00 price target for the company. UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $106.00 to $116.00 in a research report on Wednesday, March 1st. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $95.00 to $109.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. Finally, StockNews.com started coverage on Philip Morris International in a research report on Thursday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $109.73.
Philip Morris International Price Performance
Philip Morris International (NYSE:PM – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. The business had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $7.54 billion. Philip Morris International had a net margin of 11.22% and a negative return on equity of 127.24%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 earnings per share. As a group, equities research analysts expect that Philip Morris International Inc. will post 6.29 EPS for the current year.
Philip Morris International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd will be paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend is Wednesday, March 22nd. Philip Morris International’s dividend payout ratio is presently 87.44%.
Insider Activity
In other news, insider Werner Barth sold 8,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $98.35, for a total transaction of $786,800.00. Following the completion of the sale, the insider now owns 87,321 shares of the company’s stock, valued at $8,588,020.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Werner Barth sold 8,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $98.35, for a total transaction of $786,800.00. Following the completion of the sale, the insider now owns 87,321 shares of the company’s stock, valued at $8,588,020.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stacey Kennedy sold 8,756 shares of Philip Morris International stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $101.31, for a total transaction of $887,070.36. Following the sale, the insider now directly owns 47,731 shares of the company’s stock, valued at approximately $4,835,627.61. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,064 shares of company stock valued at $11,738,763. Corporate insiders own 0.13% of the company’s stock.
About Philip Morris International
Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products. The firm operates through the following geographical segments: European Union, Eastern Europe, Middle East and Africa, South and Southeast Asia, East Asia and Australia, and Americas.
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