Winslow Asset Management Inc. Has $585,000 Stake in Philip Morris International Inc. (NYSE:PM)

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Winslow Asset Management Inc. trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 40.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,178 shares of the company’s stock after selling 4,910 shares during the period. Winslow Asset Management Inc.’s holdings in Philip Morris International were worth $585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Alerus Financial NA increased its stake in Philip Morris International by 11.3% during the 2nd quarter. Alerus Financial NA now owns 87,413 shares of the company’s stock valued at $7,058,000 after purchasing an additional 8,897 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Philip Morris International by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 201,092 shares of the company’s stock valued at $16,235,000 after purchasing an additional 20,196 shares in the last quarter. Zacks Investment Management increased its stake in Philip Morris International by 7.4% during the 2nd quarter. Zacks Investment Management now owns 527,234 shares of the company’s stock valued at $42,569,000 after purchasing an additional 36,303 shares in the last quarter. IMA Wealth Inc. bought a new stake in Philip Morris International during the 2nd quarter valued at $149,000. Finally, Jupiter Asset Management Ltd. increased its stake in Philip Morris International by 102.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 72,816 shares of the company’s stock valued at $5,879,000 after purchasing an additional 36,816 shares in the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.

A number of equities analysts have issued reports on PM shares. Morgan Stanley cut their price objective on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, July 17th. Sanford C. Bernstein started coverage on shares of Philip Morris International in a report on Tuesday, October 16th. They set an “outperform” rating and a $97.00 price objective on the stock. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a report on Friday, August 24th. Finally, Citigroup set a $90.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $98.08.

NYSE PM traded down $0.30 during trading on Friday, hitting $89.18. 5,159,256 shares of the company’s stock traded hands, compared to its average volume of 6,770,145. The company has a market cap of $138.46 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.04 and a beta of 0.58. Philip Morris International Inc. has a 12-month low of $76.21 and a 12-month high of $111.25.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 18th. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.16. The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.16 billion. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. As a group, equities research analysts expect that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Tuesday, September 25th. Philip Morris International’s dividend payout ratio is presently 92.49%.

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About Philip Morris International

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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