Philip Morris International Inc. (PM) Shares Bought by FDx Advisors Inc.

FDx Advisors Inc. grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 129,262 shares of the company’s stock after acquiring an additional 3,492 shares during the quarter. FDx Advisors Inc.’s holdings in Philip Morris International were worth $13,657,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vantage Investment Advisors LLC lifted its stake in shares of Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares during the last quarter. Front Row Advisors LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $118,000. Financial Engines Advisors L.L.C. lifted its stake in shares of Philip Morris International by 399.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after acquiring an additional 962 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $128,000. Finally, Bank of Nova Scotia Trust Co. bought a new stake in shares of Philip Morris International in the 3rd quarter valued at about $135,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following 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 can be accessed through this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the company’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 value of $1,428,199.50. Following the transaction, the insider now owns 189,199 shares in the company, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

PM stock opened at $95.63 on Friday. The company has a market capitalization of $151,828.23, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.84 and a beta of 0.85. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. Philip Morris International Inc. has a 52-week low of $95.51 and a 52-week high of $123.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. equities research analysts forecast that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.48%. Philip Morris International’s dividend payout ratio (DPR) is 110.59%.

PM has been the subject of a number of recent research reports. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Piper Jaffray Companies reissued an “overweight” rating and issued a $137.00 target price (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Citigroup lowered their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Friday, January 19th. Finally, Morgan Stanley upped their price target on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $124.57.

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

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