OppenheimerFunds Inc. Has $408.32 Million Position in Philip Morris International Inc. (PM)

OppenheimerFunds Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,864,808 shares of the company’s stock after acquiring an additional 171,153 shares during the quarter. OppenheimerFunds Inc.’s holdings in Philip Morris International were worth $408,317,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PM. Flossbach Von Storch AG lifted its holdings in shares of Philip Morris International by 89.4% during the 4th quarter. Flossbach Von Storch AG now owns 6,612,322 shares of the company’s stock valued at $698,592,000 after buying an additional 3,121,247 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Philip Morris International by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the period. BlackRock Inc. lifted its holdings in shares of Philip Morris International by 2.7% during the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the period. FMR LLC lifted its holdings in shares of Philip Morris International by 12.5% during the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Philip Morris International by 57.8% during the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares during the period. 72.22% of the stock is currently owned by institutional investors and hedge funds.

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In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the 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 completion of the sale, the chief executive officer now owns 792,765 shares in the company, valued at approximately $82,178,019.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction 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 completion of the sale, 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. Corporate insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE PM) opened at $95.63 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The company has a market capitalization of $148,535.38, a price-to-earnings ratio of 20.35, a PEG ratio of 1.80 and a beta of 0.85. Philip Morris International Inc. has a 12 month low of $95.51 and a 12 month high of $123.55.

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

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.48%. Philip Morris International’s payout ratio is presently 110.59%.

Several equities analysts have recently weighed in on PM shares. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Friday, January 19th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Citigroup reduced their price objective 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. Morgan Stanley upped their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Piper Jaffray restated an “overweight” rating and issued a $137.00 price objective (up from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Buy” and an average price target of $124.57.

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

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