Philip Morris International Inc (PM) Holdings Maintained by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. continued to hold its position in Philip Morris International Inc (NYSE:PM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,933 shares of the company’s stock at the close of the first quarter. Pettyjohn Wood & White Inc.’s holdings in Philip Morris International were worth $1,686,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PM. Gradient Investments LLC grew its stake in shares of Philip Morris International by 76.1% in the 1st quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the last quarter. Welch Investments LLC purchased a new stake in shares of Philip Morris International in the 1st quarter worth approximately $113,000. Gemmer Asset Management LLC grew its stake in shares of Philip Morris International by 40.6% in the 1st quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares during the last quarter. American National Bank grew its stake in shares of Philip Morris International by 19.8% in the 1st quarter. American National Bank now owns 1,737 shares of the company’s stock worth $196,000 after buying an additional 287 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of Philip Morris International by 75.0% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

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Philip Morris International Inc (NYSE PM) traded down 0.81% during trading on Friday, hitting $115.79. The stock had a trading volume of 5,992,435 shares. The firm has a 50 day moving average of $116.22 and a 200-day moving average of $115.56. The stock has a market cap of $179.84 billion, a price-to-earnings 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 announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). The company 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%. Philip Morris International’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. Equities analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.70%. Philip Morris International’s payout ratio is 92.24%.

PM has been the topic of several recent research reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $122.79.

In related news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by insiders.

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.

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

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