Rehmann Capital Advisory Group Sells 764 Shares of Philip Morris International Inc. (PM)

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Rehmann Capital Advisory Group reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,689 shares of the company’s stock after selling 764 shares during the period. Rehmann Capital Advisory Group’s holdings in Philip Morris International were worth $863,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Coho Partners Ltd. boosted its stake in shares of Philip Morris International by 33.0% in the first quarter. Coho Partners Ltd. now owns 1,608,500 shares of the company’s stock valued at $159,885,000 after purchasing an additional 399,019 shares during the period. Silvant Capital Management LLC purchased a new position in shares of Philip Morris International in the first quarter valued at approximately $394,000. 6 Meridian boosted its stake in shares of Philip Morris International by 12.8% in the first quarter. 6 Meridian now owns 146,557 shares of the company’s stock valued at $14,568,000 after purchasing an additional 16,634 shares during the period. Staley Capital Advisers Inc. boosted its stake in shares of Philip Morris International by 3.2% in the first quarter. Staley Capital Advisers Inc. now owns 233,929 shares of the company’s stock valued at $23,253,000 after purchasing an additional 7,201 shares during the period. Finally, Haverford Trust Co. boosted its stake in shares of Philip Morris International by 2.3% in the first quarter. Haverford Trust Co. now owns 414,813 shares of the company’s stock valued at $41,232,000 after purchasing an additional 9,411 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Shares of NYSE:PM remained flat at $$82.31 during trading on Friday. 6,304,455 shares of the stock traded hands, compared to its average volume of 6,064,199. The stock has a market cap of $126.75 billion, a P/E ratio of 16.70, a PEG ratio of 1.81 and a beta of 0.79. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of -2.76. Philip Morris International Inc. has a twelve month low of $76.21 and a twelve month high of $115.15.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 19th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. The business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were issued a $1.14 dividend. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.54%. Philip Morris International’s payout ratio is 92.49%.

Several research analysts have recently commented on PM shares. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research note on Friday, August 24th. ValuEngine upgraded shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Citigroup lifted their price target on shares of Philip Morris International from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. Finally, Morgan Stanley decreased their price target on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, July 17th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.00.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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