Trust Co. of Oklahoma Continues to Hold Position in Philip Morris International Inc (PM)
Trust Co. of Oklahoma continued to hold its stake in Philip Morris International Inc (NYSE:PM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,285 shares of the company’s stock at the end of the 2nd quarter. Trust Co. of Oklahoma’s holdings in Philip Morris International were worth $1,325,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of PM. Welch Investments LLC purchased a new position in Philip Morris International during the 1st quarter worth approximately $113,000. American Beacon Advisors Inc. acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $114,000. Acropolis Investment Management LLC lifted its stake in Philip Morris International by 0.5% during the 2nd 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. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in Philip Morris International by 75.0% during the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock valued at $198,000 after acquiring an additional 750 shares during the period. Finally, Sterling Investment Advisors Ltd. lifted its stake in Philip Morris International by 23.2% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock valued at $199,000 after acquiring an additional 332 shares during the period. Institutional investors own 72.01% of the company’s stock.
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Shares of Philip Morris International Inc (NYSE:PM) traded up 0.07% during trading on Monday, reaching $111.09. The company’s stock had a trading volume of 1,405,159 shares. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The firm has a market capitalization of $172.54 billion, a P/E ratio of 24.62 and a beta of 0.93. The company has a 50 day moving average price of $116.11 and a 200 day moving average price of $115.73.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the previous year, the firm earned $1.15 EPS. The firm’s revenue 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 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be issued a dividend of $1.07 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a yield of 3.86%. The ex-dividend date is Tuesday, September 26th. Philip Morris International’s dividend payout ratio is currently 94.90%.
Several research analysts recently issued reports on PM shares. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. BidaskClub downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target on the stock. in a report on Monday, June 19th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $133.00 price target (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus target price of $123.92.
In related news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
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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