Philip Morris International Inc (PM) Shares Sold by Wealth Architects LLC
Wealth Architects LLC lessened its holdings in shares of Philip Morris International Inc (NYSE:PM) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,639 shares of the company’s stock after selling 6 shares during the quarter. Wealth Architects LLC’s holdings in Philip Morris International were worth $662,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Hourglass Capital LLC lifted its position in Philip Morris International by 0.5% in the 1st quarter. Hourglass Capital LLC now owns 75,608 shares of the company’s stock worth $8,536,000 after buying an additional 360 shares during the last quarter. Crawford Investment Counsel Inc. lifted its position in Philip Morris International by 125.5% in the 1st quarter. Crawford Investment Counsel Inc. now owns 467,059 shares of the company’s stock worth $52,731,000 after buying an additional 259,953 shares during the last quarter. Private Wealth Advisors Inc. lifted its position in Philip Morris International by 4.7% in the 1st quarter. Private Wealth Advisors Inc. now owns 7,326 shares of the company’s stock worth $827,000 after buying an additional 331 shares during the last quarter. Swiss National Bank lifted its position in Philip Morris International by 26.2% in the 1st quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after buying an additional 1,189,800 shares during the last quarter. Finally, World Asset Management Inc lifted its position in Philip Morris International by 12.0% in the 1st quarter. World Asset Management Inc now owns 152,197 shares of the company’s stock worth $17,183,000 after buying an additional 16,248 shares during the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.
Shares of Philip Morris International Inc (NYSE PM) traded up $2.14 during trading on Thursday, reaching $107.60. The company’s stock had a trading volume of 5,108,800 shares, compared to its average volume of 4,128,816. 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 $163,800.78, a PE ratio of 23.49, a P/E/G ratio of 2.13 and a beta of 0.90. Philip Morris International Inc has a 1-year low of $87.90 and a 1-year high of $123.55.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the firm earned $1.25 earnings per share. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts forecast that Philip Morris International Inc will post 4.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.98%. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred 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 transaction 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 insiders.
A number of analysts recently weighed in on PM shares. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Philip Morris International in a research note on Tuesday, October 10th. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target on the stock in a research note on Thursday, September 28th. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Bank of America decreased their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $124.23.
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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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