12 hours Ago By Defense World Staff
First Eagle Investment Management LLC boosted its position in Philip Morris International Inc. ( NYSE:PM – Free Report ) by 7.4% in the second quarter, according to its most recent filing with the SEC.
The institutional investor owned 10,655,948 shares of the company’s stock after purchasing an additional 736,961 shares during the period. Philip Morris International comprises 2.4% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 13th biggest position.
First Eagle Investment Management LLC owned approximately 0.69% of Philip Morris International worth $1,079,767,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM.
Carolinas Wealth Consulting LLC increased its position in shares of Philip Morris International by 1,169.7% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 11,491 shares of the company’s stock valued at $1,164,000 after purchasing an additional 10,586 shares during the last quarter.
Seven Eight Capital LP grew its position in Philip Morris International by 178.0% during the second quarter. Seven Eight Capital LP now owns 24,238 shares of the company’s stock valued at $2,456,000 after buying an additional 15,519 shares during the period.
Waterloo Capital L.P. increased its holdings in Philip Morris International by 1.
2% during the second quarter. Waterloo Capital L.P.
now owns 30,527 shares of the company’s stock worth $3,093,000 after buying an additional 369 shares during the last quarter. Blair William & Co. IL raised its position in Philip Morris International by 6.
0% in the second quarter. Blair William & Co. IL now owns 150,362 shares of the company’s stock worth $15,236,000 after acquiring an additional 8,526 shares during the period.
Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Philip Morris International by 25.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 105,661 shares of the company’s stock valued at $10,488,000 after acquiring an additional 21,679 shares during the last quarter.
Hedge funds and other institutional investors own 78.63% of the company’s stock. Analyst Ratings Changes A number of equities research analysts recently commented on the stock.
Barclays lifted their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th.
StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co.
increased their price target on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th.
Bank of America boosted their price objective on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th.
Finally, UBS Group increased their target price on shares of Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research report on Monday, September 9th.
One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.05.
Philip Morris International Trading Down 1.8 % Shares of Philip Morris International stock opened at $120.96 on Thursday.
The company’s 50-day moving average price is $117.57 and its 200-day moving average price is $104.25.
Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $128.
22. The company has a market cap of $188.04 billion, a price-to-earnings ratio of 23.
63, a PEG ratio of 2.45 and a beta of 0.55.
Philip Morris International ( NYSE:PM – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.
57 by $0.02. The firm had revenue of $9.
47 billion during the quarter, compared to the consensus estimate of $9.19 billion. Philip Morris International had a net margin of 9.
41% and a negative return on equity of 113.32%. The business’s quarterly revenue was up 5.
6% compared to the same quarter last year. During the same period last year, the firm earned $1.60 EPS.
On average, sell-side analysts predict that Philip Morris International Inc. will post 6.45 earnings per share for the current year.
Philip Morris International Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be given a dividend of $1.35 per share.
This represents a $5.40 annualized dividend and a yield of 4.46%.
This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, September 26th.
Philip Morris International’s payout ratio is presently 105.47%. Insiders Place Their Bets In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 25th.
The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00.
Following the completion of the transaction, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In other news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.
00. Following the transaction, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.
01, for a total transaction of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.
47. The disclosure for this sale can be found here . Corporate insiders own 0.
13% of the company’s stock. About Philip Morris International ( Free Report ) Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
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