CENTRAL TRUST Co Has $21.22 Million Stake in Philip Morris International Inc (PM)
CENTRAL TRUST Co lessened its position in Philip Morris International Inc (NYSE:PM) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,704 shares of the company’s stock after selling 4,232 shares during the period. Philip Morris International comprises about 1.4% of CENTRAL TRUST Co’s portfolio, making the stock its 11th largest holding. CENTRAL TRUST Co’s holdings in Philip Morris International were worth $21,224,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Acropolis Investment Management LLC raised its holdings in shares of Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares during the period. Hudock Capital Group LLC lifted its stake in Philip Morris International by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after purchasing an additional 10 shares during the last quarter. Argent Capital Management LLC lifted its stake in Philip Morris International by 0.6% in the 1st quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after purchasing an additional 20 shares during the last quarter. Stillwater Investment Management LLC lifted its stake in Philip Morris International by 0.8% in the 2nd quarter. Stillwater Investment Management LLC now owns 2,956 shares of the company’s stock valued at $347,000 after purchasing an additional 23 shares during the last quarter. Finally, Klingman & Associates LLC lifted its stake in Philip Morris International by 1.1% in the 1st quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock valued at $276,000 after purchasing an additional 26 shares during the last quarter. 72.01% of the stock is owned by institutional investors.
Philip Morris International Inc (NYSE:PM) traded up 1.32% on Wednesday, reaching $111.65. The company’s stock had a trading volume of 1,506,918 shares. The firm has a market cap of $173.41 billion, a price-to-earnings ratio of 24.74 and a beta of 0.93. The firm has a 50 day moving average of $115.26 and a 200 day moving average of $115.79. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.09). Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be paid a dividend of $1.07 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, September 26th. This represents a $4.28 annualized dividend and a yield of 3.88%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.90%.
PM has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) assumed coverage on Philip Morris International in a report on Monday. They set a “buy” rating for the company. Jefferies Group LLC restated a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research note on Thursday, September 28th. Cowen and Company restated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Piper Jaffray Companies set a $134.00 price objective on Philip Morris International and gave the company a “buy” rating in a research report on Saturday, August 19th. Finally, BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus price target of $123.92.
In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc (NYSE:PM).
Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.