Honeywell International Inc. Acquires Shares of 290,000 Philip Morris International Inc. (PM)

Honeywell International Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 290,000 shares of the company’s stock, valued at approximately $30,639,000.

Other institutional investors have also recently made changes to their positions in the company. Vantage Investment Advisors LLC lifted its holdings in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after purchasing an additional 10 shares in the last quarter. Front Row Advisors LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $118,000. Financial Engines Advisors L.L.C. lifted its holdings in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after purchasing an additional 962 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $128,000. Finally, Bank of Nova Scotia Trust Co. bought a new position in shares of Philip Morris International in the third quarter valued at approximately $135,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have recently weighed in on the company. TheStreet lowered Philip Morris International from a “b-” rating to a “c+” rating in a report on Tuesday, March 20th. Bank of America dropped their target price on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a report on Thursday, February 8th. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday, February 28th. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their price target on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a 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. Philip Morris International presently has a consensus rating of “Buy” and a consensus price target of $124.57.

Shares of Philip Morris International stock opened at $95.63 on Friday. The company has a market capitalization of $151,703.97, a price-to-earnings ratio of 24.71, a P/E/G ratio of 1.83 and a beta of 0.85. 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 current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during 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 business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. analysts anticipate that Philip Morris International Inc. will post 5.28 EPS 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 paid a $1.07 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $4.28 annualized dividend and a dividend yield of 4.48%. Philip Morris International’s payout ratio is presently 110.59%.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total value of $5,079,340.00. Following the sale, the chief executive officer now directly owns 792,765 shares in the company, valued at $82,178,019.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc S. Firestone sold 13,650 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total value of $1,428,199.50. Following the completion of the sale, the insider now owns 189,199 shares in the company, valued at $19,795,891.37. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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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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