Philip Morris International Inc (PM) Shares Sold by LVM Capital Management Ltd. MI
LVM Capital Management Ltd. MI reduced its stake in shares of Philip Morris International Inc (NYSE:PM) by 6.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 55,694 shares of the company’s stock after selling 4,000 shares during the period. Philip Morris International makes up 1.7% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 25th biggest position. LVM Capital Management Ltd. MI’s holdings in Philip Morris International were worth $6,541,000 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. State Street Corp increased its stake in Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after acquiring an additional 1,058,408 shares during the last quarter. Legal & General Group Plc raised its position in Philip Morris International by 3.9% during the first quarter. Legal & General Group Plc now owns 7,211,588 shares of the company’s stock valued at $814,358,000 after purchasing an additional 268,119 shares in the last quarter. Swiss National Bank raised its position in Philip Morris International by 26.2% during the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after purchasing an additional 1,189,800 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Philip Morris International by 4.9% during the first quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock valued at $604,524,000 after purchasing an additional 251,734 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Philip Morris International by 4.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,064,097 shares of the company’s stock valued at $571,737,000 after purchasing an additional 218,999 shares in the last quarter. 72.01% of the stock is owned by institutional investors.
Several brokerages have issued reports on PM. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a report on Friday, June 9th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average 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 business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by insiders.
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Shares of Philip Morris International Inc (NYSE PM) traded up 1.30% on Wednesday, hitting $111.62. 1,504,639 shares of the company traded hands. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The stock has a market capitalization of $173.37 billion, a price-to-earnings ratio of 24.73 and a beta of 0.93. The firm’s 50 day moving average price is $115.26 and its 200-day moving average price is $115.79.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.09). Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $4.28 annualized dividend and a yield of 3.88%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s dividend payout ratio (DPR) is presently 94.90%.
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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