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.
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.
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.
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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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