Blue Granite Capital LLC Sells 7,443 Shares of Philip Morris International Inc. (PM)

Blue Granite Capital LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 81.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,657 shares of the company’s stock after selling 7,443 shares during the quarter. Blue Granite Capital LLC’s holdings in Philip Morris International were worth $174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Solstein Capital LLC bought a new position in shares of Philip Morris International in the fourth quarter worth $281,000. Weil Company Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth $386,000. Ariel Investments LLC grew its stake in shares of Philip Morris International by 22.1% in the fourth quarter. Ariel Investments LLC now owns 1,062,666 shares of the company’s stock worth $112,271,000 after purchasing an additional 192,619 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Philip Morris International by 7.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 399,134 shares of the company’s stock worth $42,169,000 after purchasing an additional 28,124 shares in the last quarter. Finally, Aristotle Atlantic Partners LLC bought a new position in shares of Philip Morris International in the fourth quarter worth $431,000. Hedge funds and other institutional investors own 72.22% of the company’s stock.

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In other news, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at $82,178,019.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the company’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 sale, the insider now directly owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Several research analysts have recently issued reports on the company. TheStreet cut Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Bank of America decreased their price target on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Piper Jaffray reissued a “buy” rating and issued a $126.00 price target on shares of Philip Morris International in a research note on Thursday, February 8th. Finally, Morgan Stanley increased their price target 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. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $123.77.

Shares of PM stock opened at $101.02 on Friday. Philip Morris International Inc. has a fifty-two week low of $95.51 and a fifty-two week high of $123.55. The stock has a market cap of $156,751.97, a P/E ratio of 20.49, a PEG ratio of 1.90 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be paid a dividend of $1.07 per share. The ex-dividend date is Wednesday, March 21st. This represents a $4.28 annualized dividend and a yield of 4.24%. Philip Morris International’s dividend payout ratio is currently 86.82%.

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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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