Moody Lynn & Lieberson LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 47.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,003 shares of the company’s stock after selling 5,370 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Philip Morris International were worth $666,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Guidant Wealth Advisors increased its stake in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the period. Vantage Investment Advisors LLC increased its stake in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the period. Acropolis Investment Management LLC increased its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after acquiring an additional 5 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Philip Morris International by 13.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after acquiring an additional 150 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Philip Morris International during the second quarter valued at $145,000. 72.35% of the stock is owned by institutional investors.
Several analysts recently commented on PM shares. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Philip Morris International in a report on Tuesday, October 10th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target on the stock in a research note on Thursday, September 28th. Piper Jaffray Companies set a $130.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Bank of America decreased their price target on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $124.54.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. equities research analysts anticipate that Philip Morris International Inc. will post 4.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.
In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.
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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