Glenview State Bank Trust DEPT. Has $981,000 Stake in Philip Morris International Inc (PM)
Glenview State Bank Trust DEPT. maintained its position in Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,686 shares of the company’s stock at the end of the first quarter. Glenview State Bank Trust DEPT.’s holdings in Philip Morris International were worth $981,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Philip Morris International during the fourth quarter worth approximately $106,000. Gradient Investments LLC boosted its position in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares in the last quarter. Trent Capital Management Inc. NC purchased a new position in Philip Morris International during the fourth quarter worth approximately $113,000. Acropolis Investment Management LLC purchased a new position in Philip Morris International during the first quarter worth approximately $117,000. Finally, Gemmer Asset Management LLC boosted its position in Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares in the last quarter. 73.48% of the stock is owned by hedge funds and other institutional investors.
Shares of Philip Morris International Inc (NYSE PM) opened at 121.84 on Friday. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $122.90. The company has a market cap of $189.23 billion, a price-to-earnings ratio of 26.97 and a beta of 0.94. The stock has a 50 day moving average of $116.33 and a 200 day moving average of $105.61.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 20th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc will post $4.90 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd will be issued a dividend of $1.04 per share. The ex-dividend date is Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.41%. Philip Morris International’s payout ratio is currently 92.04%.
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A number of equities analysts recently commented on the stock. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price target for the company. in a research note on Monday, May 8th. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price target on shares of Philip Morris International in a research note on Wednesday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price target on shares of Philip Morris International in a research note on Sunday, April 23rd. Jefferies Group LLC set a $111.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Finally, Barclays PLC boosted their price objective on shares of Philip Morris International from $108.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, March 29th. Six equities research 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 a consensus target price of $120.25.
About Philip Morris International
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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