Dynamic Advisors Solutions LLC Acquires 381 Shares of Philip Morris International Inc (PM)
Dynamic Advisors Solutions LLC grew its holdings in shares of Philip Morris International Inc (NYSE:PM) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,496 shares of the company’s stock after acquiring an additional 381 shares during the period. Dynamic Advisors Solutions LLC’s holdings in Philip Morris International were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Welch Investments LLC bought a new position in Philip Morris International in the 1st quarter worth $113,000. American Beacon Advisors Inc. bought a new position in Philip Morris International in the 1st quarter worth $114,000. Gemmer Asset Management LLC boosted its holdings in Philip Morris International by 40.6% in the 1st quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in Philip Morris International by 75.0% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after buying an additional 750 shares during the period. Finally, Indiana Trust & Investment Management CO bought a new position in Philip Morris International in the 2nd quarter worth $206,000. 72.01% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.
Shares of Philip Morris International Inc (PM) traded down 0.51% during mid-day trading on Wednesday, hitting $114.77. 887,948 shares of the stock traded hands. The company has a market cap of $178.26 billion, a P/E ratio of 25.43 and a beta of 0.94. The firm has a 50 day moving average of $116.11 and a 200 day moving average of $115.73. 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 posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. Equities analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be paid a $1.07 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 92.24%.
PM has been the subject of several recent analyst reports. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 target price (down previously from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Bank of America Corporation upped their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 target price (down previously from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $122.79.
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Philip Morris International Company 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.
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