Perpetual Ltd Buys Shares of 15,897 Philip Morris International Inc. (PM)
Perpetual Ltd bought a new position in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,897 shares of the company’s stock, valued at approximately $1,867,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Philip Morris International by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after buying an additional 2,972,929 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Philip Morris International by 2.7% during the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after buying an additional 2,421,533 shares during the last quarter. FMR LLC boosted its stake in shares of Philip Morris International by 12.5% during the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after buying an additional 2,330,864 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Philip Morris International by 57.8% during the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after buying an additional 2,139,002 shares during the last quarter. Finally, Amerigo Asset Management acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $209,061,000. 72.63% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on PM shares. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Wells Fargo & Company restated an “outperform” rating and set a $140.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 10th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price on the stock in a report on Thursday, September 28th. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, Bank of America dropped their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $124.23.
Shares of Philip Morris International Inc. (NYSE:PM) opened at $109.68 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market cap of $170,355.31, a PE ratio of 24.43, a PEG ratio of 2.22 and a beta of 0.90. Philip Morris International Inc. has a fifty-two week low of $88.90 and a fifty-two week high of $123.55.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current year.
The business also recently declared 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 annualized dividend and a yield of 3.90%. Philip Morris International’s dividend payout ratio is currently 94.48%.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is owned by corporate insiders.
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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.
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