Garrison Point Advisors LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,025 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently made changes to their positions in the business. Spinnaker Trust lifted its holdings in Philip Morris International by 0.8% during the fourth quarter. Spinnaker Trust now owns 17,190 shares of the company’s stock worth $1,147,000 after acquiring an additional 133 shares during the period. Appleton Partners Inc. MA lifted its holdings in Philip Morris International by 6.2% during the fourth quarter. Appleton Partners Inc. MA now owns 3,010 shares of the company’s stock worth $201,000 after acquiring an additional 175 shares during the period. Northside Capital Management LLC lifted its holdings in Philip Morris International by 1.1% during the fourth quarter. Northside Capital Management LLC now owns 15,930 shares of the company’s stock worth $1,063,000 after acquiring an additional 181 shares during the period. Lourd Capital LLC lifted its holdings in Philip Morris International by 0.9% during the fourth quarter. Lourd Capital LLC now owns 23,195 shares of the company’s stock worth $1,548,000 after acquiring an additional 205 shares during the period. Finally, Capital City Trust Co. FL lifted its holdings in Philip Morris International by 1.9% during the fourth quarter. Capital City Trust Co. FL now owns 11,047 shares of the company’s stock worth $737,000 after acquiring an additional 207 shares during the period. 74.45% of the stock is owned by hedge funds and other institutional investors.

Shares of PM opened at $90.85 on Friday. The firm has a market capitalization of $141.23 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.85 and a beta of 0.95. Philip Morris International Inc. has a 1 year low of $64.67 and a 1 year high of $105.80.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 7th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.09. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.46 billion. Philip Morris International had a negative return on equity of 76.82% and a net margin of 9.90%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 earnings per share. On average, equities research analysts predict that Philip Morris International Inc. will post 5.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th will be paid a $1.14 dividend. The ex-dividend date is Monday, March 25th. This represents a $4.56 annualized dividend and a dividend yield of 5.02%. Philip Morris International’s payout ratio is presently 89.41%.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.76, for a total value of $4,238,000.00. Following the sale, the chief executive officer now directly owns 844,901 shares in the company, valued at $71,613,808.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.22% of the company’s stock.

A number of brokerages recently commented on PM. Piper Jaffray Companies set a $110.00 price target on Philip Morris International and gave the stock a “buy” rating in a report on Monday, December 3rd. UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $101.00 in a report on Wednesday, February 27th. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Thursday, February 14th. Jefferies Financial Group reiterated a “hold” rating and set a $80.00 price target on shares of Philip Morris International in a report on Sunday, February 10th. Finally, ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $91.86.

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Philip Morris International Company Profile

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

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