Martin Currie Ltd. Grows Stake in Philip Morris International Inc. (PM)

Martin Currie Ltd. lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 248,764 shares of the company’s stock after buying an additional 38,664 shares during the quarter. Philip Morris International makes up about 1.9% of Martin Currie Ltd.’s holdings, making the stock its 11th largest position. Martin Currie Ltd.’s holdings in Philip Morris International were worth $26,282,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Front Row Advisors LLC acquired a new position in Philip Morris International in the 4th quarter valued at about $118,000. Wolverine Asset Management LLC acquired a new position in Philip Morris International in the 4th quarter valued at about $126,000. Financial Engines Advisors L.L.C. raised its stake in 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 purchasing an additional 962 shares during the last quarter. Cerebellum GP LLC acquired a new position in Philip Morris International in the 4th quarter valued at about $128,000. Finally, Bank of Nova Scotia Trust Co. acquired a new position in Philip Morris International in the 3rd quarter valued at about $135,000. 72.22% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

NYSE PM opened at $101.02 on Friday. Philip Morris International Inc. has a 12 month low of $95.51 and a 12 month high of $123.55. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80. The stock has a market cap of $156,751.97, a PE ratio of 20.49, a P/E/G ratio of 1.90 and a beta of 0.86.

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 Zacks’ 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 company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same period in the prior year, the company earned $1.10 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. analysts expect that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.

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

In other news, CEO Andre Calantzopoulos sold 49,000 shares of the business’s stock in a transaction dated 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 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 can be accessed through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the business’s stock in a transaction dated 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 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.

Several research analysts recently weighed in on the stock. Piper Jaffray 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. TheStreet downgraded shares of Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. Citigroup cut their target price on shares of 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 shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday, January 19th. Finally, Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $123.77.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3337619/martin-currie-ltd-grows-stake-in-philip-morris-international-inc-pm.html.

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Weekly Research Analysts’ Ratings Changes for Motorcar Parts of America
Weekly Research Analysts’ Ratings Changes for Motorcar Parts of America
Kenneth Irwin Shine Sells 202 Shares of UnitedHealth Group  Stock
Kenneth Irwin Shine Sells 202 Shares of UnitedHealth Group Stock
Ampco-Pittsburgh Corp  Major Shareholder Louis Berkman Investment Co Sells 7,103 Shares
Ampco-Pittsburgh Corp Major Shareholder Louis Berkman Investment Co Sells 7,103 Shares
Charles F. Kessler Sells 11,050 Shares of American Eagle Outfitters  Stock
Charles F. Kessler Sells 11,050 Shares of American Eagle Outfitters Stock
PennyMac Financial Services Inc  Insider Sells $309,408.00 in Stock
PennyMac Financial Services Inc Insider Sells $309,408.00 in Stock
Vaxart  Sees Strong Trading Volume
Vaxart Sees Strong Trading Volume


Leave a Reply

© 2006-2018 Ticker Report. Google+.