Stephens Inc. AR Has $10.15 Million Stake in Philip Morris International Inc. (PM)

Stephens Inc. AR reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,060 shares of the company’s stock after selling 2,319 shares during the period. Stephens Inc. AR’s holdings in Philip Morris International were worth $10,152,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PM. Spinnaker Trust increased its stake in shares of Philip Morris International by 0.8% during the fourth quarter. Spinnaker Trust now owns 17,190 shares of the company’s stock valued at $1,147,000 after purchasing an additional 133 shares in the last quarter. Appleton Partners Inc. MA increased its stake in shares of Philip Morris International by 6.2% during the fourth quarter. Appleton Partners Inc. MA now owns 3,010 shares of the company’s stock valued at $201,000 after purchasing an additional 175 shares in the last quarter. Northside Capital Management LLC increased its stake in shares of Philip Morris International by 1.1% during the fourth quarter. Northside Capital Management LLC now owns 15,930 shares of the company’s stock valued at $1,063,000 after purchasing an additional 181 shares in the last quarter. Lourd Capital LLC increased its stake in shares of Philip Morris International by 0.9% during the fourth quarter. Lourd Capital LLC now owns 23,195 shares of the company’s stock valued at $1,548,000 after purchasing an additional 205 shares in the last quarter. Finally, Capital City Trust Co. FL increased its stake in shares of Philip Morris International by 1.9% during the fourth quarter. Capital City Trust Co. FL now owns 11,047 shares of the company’s stock valued at $737,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 74.45% of the company’s stock.

In related news, CEO Andre Calantzopoulos sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the sale, the chief executive officer now owns 844,901 shares in the company, valued at $71,613,808.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

Shares of PM opened at $90.85 on Friday. The company has a market cap of $141.23 billion, a P/E ratio of 17.81, a PEG ratio of 1.85 and a beta of 0.95. Philip Morris International Inc. has a twelve month low of $64.67 and a twelve month high of $105.80.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.09. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.46 billion. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. On average, research analysts forecast that Philip Morris International Inc. will post 5.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 26th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 89.41%.

A number of brokerages have weighed in on PM. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Thursday, February 14th. Piper Jaffray Companies set a $100.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, February 8th. Morgan Stanley reduced their price target on shares of Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Finally, UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $101.00 in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $91.86.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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