2 weeks Ago By ABMN Staff
Mcmorgan & Co. LLC decreased its position in shares of Philip Morris International Inc. ( NYSE:PM – Free Report ) by 16.
8% in the 2nd quarter, Holdings Channel reports. The firm owned 8,430 shares of the company’s stock after selling 1,707 shares during the quarter. Mcmorgan & Co.
LLC’s holdings in Philip Morris International were worth $854,000 at the end of the most recent quarter. Several other hedge funds have also recently added to or reduced their stakes in the company. GQG Partners LLC increased its stake in shares of Philip Morris International by 5,006.
0% in the 1st quarter. GQG Partners LLC now owns 5,958,391 shares of the company’s stock valued at $545,908,000 after acquiring an additional 5,841,696 shares in the last quarter. Capital Research Global Investors lifted its holdings in Philip Morris International by 9.
1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after purchasing an additional 4,869,272 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in Philip Morris International during the fourth quarter valued at about $282,785,000.
Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 79.3% during the second quarter.
Massachusetts Financial Services Co. MA now owns 5,878,158 shares of the company’s stock valued at $595,634,000 after purchasing an additional 2,599,684 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Philip Morris International by 5,045.
1% during the first quarter. Van ECK Associates Corp now owns 2,122,729 shares of the company’s stock valued at $194,484,000 after purchasing an additional 2,081,472 shares during the last quarter. Institutional investors own 78.
63% of the company’s stock. Analyst Ratings Changes Several brokerages have recently weighed in on PM. Deutsche Bank Aktiengesellschaft upped their price target on Philip Morris International from $116.
00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. The Goldman Sachs Group increased their price objective on Philip Morris International from $126.
00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group raised their price target on Philip Morris International from $95.
00 to $105.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co.
raised 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.
Finally, Barclays raised their price target on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th.
One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.
14. Philip Morris International Trading Down 0.7 % NYSE PM opened at $120.
84 on Friday. The stock’s 50 day moving average is $119.06 and its 200 day moving average is $105.
29. Philip Morris International Inc. has a 12 month low of $87.
23 and a 12 month high of $128.22. The stock has a market cap of $187.
88 billion, a PE ratio of 23.60, a P/E/G ratio of 2.37 and a beta of 0.
55. Philip Morris International ( NYSE:PM – Get Free Report ) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.
59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02.
Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%.
The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.19 billion.
During the same quarter in the previous year, the company posted $1.60 EPS. The company’s revenue was up 5.
6% compared to the same quarter last year. On average, analysts forecast that Philip Morris International Inc. will post 6.
45 EPS for the current fiscal year. Philip Morris International Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th will be given a $1.
35 dividend. This represents a $5.40 annualized dividend and a yield of 4.
47%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.
30. Philip Morris International’s dividend payout ratio is 101.56%.
Insider Activity In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.
00. Following the completion of the sale, the insider now owns 158,447 shares in the company, valued at $17,906,095.47.
The sale was disclosed in a document filed 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 stock was sold at an average price of $115.
35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.
15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, July 25th.
The shares were sold at an average price of $113.01, for a total value of $2,260,200.00.
Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The disclosure for this sale can be found here .
Insiders own 0.13% of the company’s stock. Philip Morris International Company Profile ( 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. See Also Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc.
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