Vantage Investment Advisors LLC Acquires 870 Shares of Philip Morris International Inc. (NYSE:PM)

Vantage Investment Advisors LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 112.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,645 shares of the company’s stock after buying an additional 870 shares during the quarter. Vantage Investment Advisors LLC’s holdings in Philip Morris International were worth $174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Doliver Capital Advisors LP grew its holdings in Philip Morris International by 8.1% in the third quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock worth $3,303,000 after purchasing an additional 2,242 shares during the period. Hourglass Capital LLC lifted its stake in shares of Philip Morris International by 0.9% in the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after buying an additional 650 shares in the last quarter. WFG Advisors LP lifted its stake in shares of Philip Morris International by 30.1% in the second quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock valued at $1,498,000 after buying an additional 2,951 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Philip Morris International by 28.0% in the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after buying an additional 4,123 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Philip Morris International by 1.0% in the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock valued at $661,401,000 after buying an additional 58,900 shares in the last quarter. Institutional investors own 72.33% of the company’s stock.

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A number of research analysts have weighed in on the stock. Citigroup raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Bank of America dropped their price objective on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a research note on Thursday, February 8th. Morgan Stanley raised their price objective on shares of 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, 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $124.57.

Philip Morris International Inc. (PM) traded down $1.63 on Wednesday, hitting $105.61. 3,286,971 shares of the company were exchanged, compared to its average volume of 5,395,580. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80. Philip Morris International Inc. has a one year low of $96.66 and a one year high of $123.55. The company has a market capitalization of $164,530.00, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.01 and a beta of 0.85.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.05%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s dividend payout ratio is 87.17%.

In other Philip Morris International news, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction dated 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 owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International 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 directly owns 792,765 shares in the company, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Vantage Investment Advisors LLC Acquires 870 Shares of Philip Morris International Inc. (NYSE:PM)” was originally reported by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://baseballnewssource.com/2018/03/14/philip-morris-international-inc-pm-shares-bought-by-vantage-investment-advisors-llc/1890488.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.

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

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