IMS Capital Management Buys 680 Shares of Philip Morris International Inc (PM)

IMS Capital Management raised its position in shares of Philip Morris International Inc (NYSE:PM) by 15.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,970 shares of the company’s stock after purchasing an additional 680 shares during the quarter. IMS Capital Management’s holdings in Philip Morris International were worth $561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FormulaFolio Investments LLC boosted its holdings in shares of Philip Morris International by 28.9% in the first quarter. FormulaFolio Investments LLC now owns 9,850 shares of the company’s stock worth $1,112,000 after buying an additional 2,209 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Philip Morris International by 5.5% in the first quarter. TD Asset Management Inc. now owns 1,692,519 shares of the company’s stock worth $191,086,000 after buying an additional 88,517 shares during the last quarter. Opus Capital Group LLC raised its stake in Philip Morris International by 100.0% during the 1st quarter. Opus Capital Group LLC now owns 15,638 shares of the company’s stock worth $1,766,000 after acquiring an additional 7,819 shares during the period. Smith Salley & Associates raised its stake in Philip Morris International by 33.6% during the 1st quarter. Smith Salley & Associates now owns 9,516 shares of the company’s stock worth $1,075,000 after acquiring an additional 2,391 shares during the period. Finally, Kinsight LLC raised its stake in Philip Morris International by 10.4% during the 1st quarter. Kinsight LLC now owns 2,547 shares of the company’s stock worth $288,000 after acquiring an additional 240 shares during the period. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on PM shares. Jefferies Group LLC restated a “hold” rating and issued a $121.00 price target on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr cut 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 research report on Monday, June 19th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $134.00 price objective on shares of Philip Morris International in a research note on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $122.79.

Shares of Philip Morris International Inc (NYSE PM) traded down 0.81% during trading on Friday, reaching $115.79. 5,992,435 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $116.22 and a 200 day moving average price of $115.56. The company has a market capitalization of $179.84 billion, a P/E ratio of 25.66 and a beta of 0.94. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.09). The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 earnings per share. Equities analysts expect that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Tuesday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s dividend payout ratio (DPR) is 92.24%.

In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

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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.

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

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