Captrust Financial Advisors Acquires Shares of 12,947 Philip Morris International Inc. (PM)

Captrust Financial Advisors acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,947 shares of the company’s stock, valued at approximately $1,382,000.

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

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Several analysts recently commented on PM shares. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. 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 research note on Friday, January 19th. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Piper Jaffray reaffirmed an “overweight” rating and issued a $137.00 price target (up previously 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 ten have given a buy rating to the company. Philip Morris International has an average rating of “Buy” and an average price target of $123.77.

In other 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 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 $82,178,019.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the business’s 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 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. 0.23% of the stock is currently owned by insiders.

Philip Morris International stock opened at $101.02 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. The firm has a market capitalization of $156,907.28, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. Philip Morris International Inc. has a 52 week low of $95.51 and a 52 week 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 analysts’ consensus estimates of $1.35 by ($0.04). The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. Philip Morris International’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 EPS. research analysts anticipate that Philip Morris International Inc. will post 5.27 earnings per share for the current year.

The firm also recently disclosed 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. This represents a $4.28 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s dividend payout ratio is currently 86.82%.

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About Philip Morris International

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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