Risk Paradigm Group LLC Has $120,000 Holdings in Philip Morris International Inc (PM)
Risk Paradigm Group LLC trimmed its position in shares of Philip Morris International Inc (NYSE:PM) by 34.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,024 shares of the company’s stock after selling 531 shares during the period. Risk Paradigm Group LLC’s holdings in Philip Morris International were worth $120,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of PM. Vanguard Group Inc. boosted its stake in Philip Morris International by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after purchasing an additional 2,972,929 shares during the period. BlackRock Inc. lifted its stake in shares of Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after acquiring an additional 2,421,533 shares during the period. FMR LLC lifted its stake in shares of Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after acquiring an additional 2,330,864 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Philip Morris International by 57.8% in the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after acquiring an additional 2,139,002 shares during the period. Finally, Amerigo Asset Management acquired a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $209,061,000. 72.63% of the stock is owned by hedge funds and other institutional investors.
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 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 document filed with the SEC, which is accessible through this link. 0.23% of the stock is owned by insiders.
Philip Morris International Inc (PM) traded down $0.11 during midday trading on Friday, hitting $106.59. 4,577,252 shares of the company were exchanged, compared to its average volume of 4,274,163. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. Philip Morris International Inc has a twelve month low of $88.90 and a twelve month high of $123.55. The company has a market cap of $165,555.91, a P/E ratio of 23.74, a P/E/G ratio of 2.15 and a beta of 0.90.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 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 business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts forecast that Philip Morris International Inc will post 4.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.02%. Philip Morris International’s dividend payout ratio is currently 94.48%.
A number of analysts have recently weighed in on the stock. Cowen reaffirmed a “buy” rating and issued a $135.00 price target on shares of Philip Morris International in a research note on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Saturday, August 19th. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 price target (down from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Finally, 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Buy” and an average 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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