Nadler Financial Group Inc. Reduces Holdings in Philip Morris International Inc (PM)
Nadler Financial Group Inc. lowered its stake in Philip Morris International Inc (NYSE:PM) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,163 shares of the company’s stock after selling 10 shares during the period. Nadler Financial Group Inc.’s holdings in Philip Morris International were worth $606,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Welch Investments LLC bought a new position in shares of Philip Morris International in the first quarter valued at $113,000. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International in the first quarter valued at $114,000. Acropolis Investment Management LLC increased its holdings in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in shares of Philip Morris International by 75.0% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock valued at $198,000 after buying an additional 750 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in shares of Philip Morris International in the second quarter valued at $206,000. 72.01% of the stock is currently owned by institutional investors.
Several research firms have issued reports on PM. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 price target on shares of Philip Morris International in a report on Tuesday, June 20th. Piper Jaffray Companies set a $134.00 price target on Philip Morris International and gave the company a “buy” rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target on the stock in a report on Thursday. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and upped their price target for the company from $118.00 to $119.00 in a report on Friday, August 11th. Finally, BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus 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 stock in a transaction 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.
Philip Morris International Inc (NYSE:PM) traded down 0.71% during trading on Friday, hitting $111.01. 3,912,773 shares of the stock traded hands. The company’s 50 day moving average is $116.11 and its 200 day moving average is $115.73. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company has a market capitalization of $172.42 billion, a P/E ratio of 24.60 and a beta of 0.94.
Philip Morris International (NYSE:PM) last posted its 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 firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. On average, equities analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be issued a $1.07 dividend. The ex-dividend date is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a yield of 3.86%. Philip Morris International’s dividend payout ratio (DPR) is 94.90%.
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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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