Atlantic Trust Group LLC Trims Stake in Philip Morris International Inc. (PM)

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Atlantic Trust Group LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,969 shares of the company’s stock after selling 1,242 shares during the period. Atlantic Trust Group LLC’s holdings in Philip Morris International were worth $11,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board lifted its stake in shares of Philip Morris International by 0.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 100,072 shares of the company’s stock worth $10,573,000 after acquiring an additional 872 shares during the period. Kings Point Capital Management lifted its stake in shares of Philip Morris International by 3.1% in the fourth quarter. Kings Point Capital Management now owns 64,335 shares of the company’s stock worth $6,797,000 after acquiring an additional 1,915 shares during the period. Toronto Dominion Bank lifted its stake in shares of Philip Morris International by 11.6% in the fourth quarter. Toronto Dominion Bank now owns 773,502 shares of the company’s stock worth $81,720,000 after acquiring an additional 80,256 shares during the period. BlackRock Inc. lifted its stake in shares of Philip Morris International by 2.0% in the fourth quarter. BlackRock Inc. now owns 94,653,614 shares of the company’s stock worth $10,000,154,000 after acquiring an additional 1,851,721 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Philip Morris International by 9.5% in the fourth quarter. Synovus Financial Corp now owns 146,533 shares of the company’s stock worth $15,500,000 after acquiring an additional 12,727 shares during the period. Institutional investors own 72.28% of the company’s stock.

A number of equities analysts recently commented on PM shares. Citigroup raised 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. TheStreet lowered Philip Morris International from a “b-” rating to a “c+” rating in a research note on Tuesday, March 20th. Deutsche Bank started coverage on Philip Morris International in a research note on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price objective on the stock. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Finally, ValuEngine lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $116.86.

In other news, insider Jerry Whitson acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 25th. The stock was purchased at an average price of $82.76 per share, for a total transaction of $248,280.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Miroslaw Zielinski acquired 6,000 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were purchased at an average price of $81.56 per share, with a total value of $489,360.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 49,000 shares of company stock worth $3,989,640. Insiders own 0.22% of the company’s stock.

Shares of Philip Morris International opened at $80.19 on Friday, according to Marketbeat. Philip Morris International Inc. has a 52-week low of $76.21 and a 52-week high of $121.69. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of -2.82. The company has a market capitalization of $127.08 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.12. Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The firm had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. equities analysts predict that Philip Morris International Inc. will post 5.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 11th. Shareholders of record on Friday, June 22nd will be paid a $1.14 dividend. The ex-dividend date of this dividend is Thursday, June 21st. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.07. This represents a $4.56 annualized dividend and a yield of 5.69%. Philip Morris International’s payout ratio is 86.82%.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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