Thor Advisors LLC Takes $70,000 Position in Philip Morris International Inc. (NYSE:PM)
Thor Advisors LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 796 shares of the company’s stock, valued at approximately $70,000.
Several other institutional investors and hedge funds have also bought and sold shares of PM. Oregon Public Employees Retirement Fund grew its stake in Philip Morris International by 6,541.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,319,091 shares of the company’s stock worth $170,000 after purchasing an additional 11,148,661 shares during the period. BlackRock Inc. grew its stake in Philip Morris International by 5.1% in the fourth quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock worth $6,345,520,000 after purchasing an additional 4,576,645 shares during the period. Deutsche Bank AG grew its stake in Philip Morris International by 50.5% in the fourth quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock worth $737,970,000 after purchasing an additional 3,710,763 shares during the period. Two Sigma Advisers LP grew its stake in Philip Morris International by 168.1% in the fourth quarter. Two Sigma Advisers LP now owns 3,936,832 shares of the company’s stock worth $262,823,000 after purchasing an additional 2,468,400 shares during the period. Finally, Flossbach Von Storch AG grew its stake in Philip Morris International by 15.3% in the fourth quarter. Flossbach Von Storch AG now owns 18,204,516 shares of the company’s stock worth $1,215,333,000 after purchasing an additional 2,419,260 shares during the period. 73.52% of the stock is currently owned by hedge funds and other institutional investors.
PM has been the topic of several recent research reports. UBS Group raised Philip Morris International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $86.00 to $101.00 in a research note on Wednesday, February 27th. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Citigroup increased their target price on Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Bank of America reissued a “sell” rating and issued a $74.00 target price on shares of Philip Morris International in a research note on Tuesday, March 26th. Finally, Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $92.57.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.10. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Philip Morris International Inc. will post 5.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a $1.14 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.91%. Philip Morris International’s dividend payout ratio is currently 89.41%.
In other Philip Morris International news, VP Michael R. Kunst purchased 500 shares of the stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average cost of $80.74 per share, with a total value of $40,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Louis C. Camilleri sold 70,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total value of $5,847,800.00. The disclosure for this sale can be found here. Over the last three months, insiders bought 4,000 shares of company stock worth $331,705. Insiders own 0.21% of the company’s stock.
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Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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