People s United Financial Inc. Buys 2,730 Shares of Philip Morris International Inc (PM)
People s United Financial Inc. raised its stake in Philip Morris International Inc (NYSE:PM) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 67,661 shares of the company’s stock after purchasing an additional 2,730 shares during the quarter. People s United Financial Inc.’s holdings in Philip Morris International were worth $7,947,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Guidant Wealth Advisors lifted its position in Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares during the last quarter. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International during the first quarter valued at approximately $114,000. Vantage Investment Advisors LLC raised its holdings in shares of Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in shares of Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new position in shares of Philip Morris International during the second quarter valued at approximately $178,000. Hedge funds and other institutional investors own 72.63% of the company’s stock.
Philip Morris International Inc (NYSE PM) traded down $0.11 on Monday, reaching $106.59. The company’s stock had a trading volume of 4,611,900 shares, compared to its average volume of 4,130,480. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. The company has a market capitalization of $165,555.89, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 2.15 and a beta of 0.90. Philip Morris International Inc has a twelve month low of $88.90 and a twelve month high of $123.55.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. Philip Morris International’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 EPS. sell-side analysts predict that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be issued a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.02%. Philip Morris International’s dividend payout ratio (DPR) is 94.48%.
PM has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Thursday, November 16th. Jefferies Group decreased their target price on Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Bank of America decreased their target price on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average price target of $124.23.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by corporate insiders.
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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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