Robeco Institutional Asset Management B.V. Sells 126,643 Shares of Philip Morris International Inc. (PM)
Robeco Institutional Asset Management B.V. reduced its stake in Philip Morris International Inc. (NYSE:PM) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 811,708 shares of the company’s stock after selling 126,643 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Philip Morris International worth $90,105,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in PM. Guidant Wealth Advisors raised its holdings in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares during the period. Vantage Investment Advisors LLC raised its holdings in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares during the period. Acropolis Investment Management LLC raised its holdings in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Philip Morris International by 13.9% during 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 acquiring an additional 150 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Philip Morris International during the second quarter valued at about $145,000. 72.35% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on PM shares. Cowen reaffirmed a “buy” rating and issued a $135.00 target price on shares of Philip Morris International in a report on Tuesday, August 22nd. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 target price (down from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Piper Jaffray Companies set a $135.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Sunday, October 15th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Philip Morris International in a report on Tuesday, October 10th. Finally, Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price on the stock in a report on Thursday, September 28th. One equities research 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. The stock presently has a consensus rating of “Hold” and an average target price of $124.23.
Shares of Philip Morris International Inc. (NYSE PM) opened at $108.12 on Wednesday. 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 $167,930.00, a PE ratio of 24.43, a PEG ratio of 2.22 and a beta of 0.90.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 EPS. research analysts anticipate that Philip Morris International Inc. will post 4.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be given a $1.07 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 annualized dividend and a yield of 3.96%. Philip Morris International’s dividend payout ratio is currently 94.48%.
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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