Utah Retirement Systems boosted its position in Philip Morris International Inc (NYSE:PM) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 284,162 shares of the company’s stock after buying an additional 200 shares during the quarter. Philip Morris International makes up about 0.8% of Utah Retirement Systems’ portfolio, making the stock its 23rd biggest position. Utah Retirement Systems’ holdings in Philip Morris International were worth $32,082,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Welch Investments LLC acquired a new stake in Philip Morris International in the 1st quarter valued at approximately $113,000. Gemmer Asset Management LLC raised its position in Philip Morris International by 40.6% in the 1st quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in 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 valued at $198,000 after buying an additional 750 shares during the last quarter. Windsor Financial Group LLC acquired a new stake in Philip Morris International in the 1st quarter valued at approximately $200,000. Finally, Corundum Group Inc. acquired a new stake in Philip Morris International in the 1st quarter valued at approximately $202,000. 72.02% of the stock is currently owned by institutional investors and hedge funds.
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Several research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $121.00 price target on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr lowered 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 raised 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 report on Friday, June 9th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $134.00 price target on shares of Philip Morris International in a research report on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Philip Morris International presently has an average rating of “Buy” and a consensus price target of $122.79.
Philip Morris International Inc (NYSE:PM) traded down 0.86% during mid-day trading on Friday, hitting $115.73. The stock had a trading volume of 3,707,773 shares. The company has a market cap of $179.75 billion, a price-to-earnings ratio of 25.64 and a beta of 0.94. The firm’s 50-day moving average is $116.29 and its 200 day moving average is $115.51. 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 posted 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). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the business earned $1.15 earnings per share. Philip Morris International’s revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be issued a $1.07 dividend. 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 3.66%. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 92.24%.
In other 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.
About Philip Morris International
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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