Philip Morris International Inc. (PM) Position Maintained by Kimelman & Baird LLC
Kimelman & Baird LLC held its stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,515 shares of the company’s stock at the close of the 2nd quarter. Kimelman & Baird LLC’s holdings in Philip Morris International were worth $295,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Guidant Wealth Advisors lifted its holdings in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the last quarter. Vantage Investment Advisors LLC lifted its holdings in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the last quarter. Acropolis Investment Management LLC increased its stake 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 during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Philip Morris International by 13.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock valued at $144,000 after buying an additional 150 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Philip Morris International in the second quarter valued at approximately $145,000. 72.63% of the stock is owned by institutional investors.
Philip Morris International Inc. (NYSE:PM) opened at $109.68 on Friday. Philip Morris International Inc. has a twelve month low of $88.90 and a twelve month high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The stock has a market capitalization of $167,248.89, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.18 and a beta of 0.90.
Philip Morris International (NYSE:PM) last issued its earnings results 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). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on PM shares. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research note on Thursday, September 28th. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Cowen reissued a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Jefferies Group reissued a “hold” rating and set a $120.00 target price (down previously from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Philip Morris International has an average rating of “Hold” and a consensus price target of $124.23.
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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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