Advisory Services Network LLC Takes Position in Philip Morris International Inc (NYSE:PM)
Advisory Services Network LLC acquired a new stake in Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,790 shares of the company’s stock, valued at approximately $2,912,000.
A number of other hedge funds have also bought and sold shares of the stock. Gradient Investments LLC boosted its stake in Philip Morris International by 76.1% in the first 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. Acropolis Investment Management LLC acquired a new stake in Philip Morris International during the first quarter worth approximately $117,000. Gemmer Asset Management LLC boosted its stake in Philip Morris International by 40.6% in the first 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. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Philip Morris International during the fourth quarter worth approximately $106,000. Finally, American National Bank boosted its stake in shares of Philip Morris International by 19.8% in the first quarter. American National Bank now owns 1,737 shares of the company’s stock worth $196,000 after buying an additional 287 shares in the last quarter. 72.33% of the stock is owned by institutional investors and hedge funds.
Philip Morris International Inc (NYSE PM) traded up 0.24% on Friday, reaching $114.76. The company’s stock had a trading volume of 4,456,691 shares. The company has a market capitalization of $178.24 billion, a price-to-earnings ratio of 25.43 and a beta of 0.93. The firm’s 50 day moving average price is $118.90 and its 200-day moving average price is $112.12. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year 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 (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 earnings per share. Equities analysts forecast 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 was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, June 21st. Philip Morris International’s payout ratio is currently 92.24%.
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A number of equities research analysts recently issued reports on PM shares. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 target price on shares of Philip Morris International in a report on Sunday, April 23rd. BidaskClub lowered Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Vetr raised Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price objective for the company in a report on Monday, June 26th. Finally, Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Tuesday, July 11th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Philip Morris International presently has an average rating of “Buy” and a consensus price target of $122.00.
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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