Deutsche Bank AG increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 50.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,054,233 shares of the company’s stock after purchasing an additional 3,710,763 shares during the period. Deutsche Bank AG owned 0.71% of Philip Morris International worth $737,970,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in PM. Essex Investment Management Co. LLC acquired a new position in Philip Morris International in the fourth quarter worth approximately $27,000. Transamerica Financial Advisors Inc. grew its position in Philip Morris International by 552.8% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock worth $32,000 after buying an additional 398 shares during the last quarter. Clean Yield Group acquired a new position in Philip Morris International in the fourth quarter worth approximately $37,000. Claybrook Capital LLC acquired a new position in Philip Morris International in the fourth quarter worth approximately $39,000. Finally, Litman Gregory Asset Management LLC acquired a new position in Philip Morris International in the fourth quarter worth approximately $40,000. 73.53% of the stock is currently owned by hedge funds and other institutional investors.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the transaction, the chief executive officer now directly owns 844,901 shares in the company, valued at approximately $71,613,808.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.21% of the company’s stock.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.46 billion. During the same period in the previous year, the company posted $1.32 EPS. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 5.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.29%. The ex-dividend date was Monday, March 25th. Philip Morris International’s payout ratio is 89.41%.
Several research analysts have issued reports on PM shares. Credit Suisse Group lowered shares of Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $92.00 to $74.00 in a research report on Tuesday, December 18th. ValuEngine lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 price target (down previously from $111.25) on shares of Philip Morris International in a research report on Friday, December 28th. Finally, Morgan Stanley decreased their price target on shares of Philip Morris International from $102.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Philip Morris International presently has an average rating of “Hold” and a consensus price target of $92.43.
About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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