Columbia Asset Management increased its stake in Philip Morris International Inc (NYSE:PM) by 0.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,561 shares of the company’s stock after purchasing an additional 1 shares during the quarter. Columbia Asset Management’s holdings in Philip Morris International were worth $853,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Hudock Capital Group LLC lifted its holdings in Philip Morris International by 0.3% in the 1st quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after acquiring an additional 10 shares during the last quarter. Argent Capital Management LLC lifted its holdings in Philip Morris International by 0.6% in the 1st quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after acquiring an additional 20 shares during the last quarter. Quotient Investors LLC lifted its holdings in Philip Morris International by 0.4% in the 1st quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after acquiring an additional 22 shares during the last quarter. Klingman & Associates LLC lifted its holdings in Philip Morris International by 1.1% in the 1st quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock valued at $276,000 after acquiring an additional 26 shares during the last quarter. Finally, JJJ Advisors Inc. lifted its stake in Philip Morris International by 0.9% during the first quarter. JJJ Advisors Inc. now owns 3,204 shares of the company’s stock valued at $362,000 after buying an additional 29 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on PM. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and upped their price objective for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Berenberg Bank set a $96.00 target price on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub downgraded Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Bank of America Corporation increased their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Finally, Jefferies Group LLC upped their target price on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $122.79.
In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.
Shares of Philip Morris International Inc (PM) traded down 0.25% during mid-day trading on Friday, reaching $116.44. The company had a trading volume of 2,542,168 shares. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a market cap of $180.85 billion, a price-to-earnings ratio of 25.80 and a beta of 0.94. The firm’s 50-day moving average price is $116.29 and its 200 day moving average price is $115.51.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.09). The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.15 earnings per share. Equities analysts expect that Philip Morris International Inc will post $4.83 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be given a $1.07 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 92.24%.
Philip Morris International Company 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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