Philip Morris International Inc (PM) Holdings Boosted by MARSHALL WACE ASIA Ltd
MARSHALL WACE ASIA Ltd raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 682,830 shares of the company’s stock after buying an additional 45,381 shares during the period. Philip Morris International makes up 4.1% of MARSHALL WACE ASIA Ltd’s portfolio, making the stock its 5th biggest position. MARSHALL WACE ASIA Ltd’s holdings in Philip Morris International were worth $79,892,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. grew its stake in shares of Philip Morris International by 28.0% in the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after purchasing an additional 4,123 shares during the last quarter. Hourglass Capital LLC grew its stake in shares of Philip Morris International by 0.9% in the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after purchasing an additional 650 shares during the last quarter. Suffolk Capital Management LLC acquired a new position in shares of Philip Morris International in the 2nd quarter worth approximately $12,928,000. LMR Partners LLP grew its stake in shares of Philip Morris International by 274.0% in the 2nd quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock worth $2,512,000 after purchasing an additional 15,671 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Philip Morris International by 1.4% in the 1st quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock worth $58,076,000 after purchasing an additional 7,050 shares during the last quarter. 72.25% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
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Shares of Philip Morris International Inc (NYSE PM) opened at $102.14 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. The company has a market cap of $159,451.81, a P/E ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91. Philip Morris International Inc has a fifty-two week low of $86.78 and a fifty-two week high of $123.55.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. analysts anticipate that Philip Morris International Inc will post 4.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were issued a dividend of $1.07 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.
PM has been the topic of several recent research reports. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Jefferies Group LLC lowered their price objective on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (down previously from $128.00) on shares of Philip Morris International in a research note on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Philip Morris International has an average rating of “Buy” and a consensus target price of $124.62.
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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