Usca Ria LLC Has $2.89 Million Stake in Philip Morris International Inc (NYSE:PM)
Usca Ria LLC cut its position in Philip Morris International Inc (NYSE:PM) by 10.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,624 shares of the company’s stock after selling 3,094 shares during the period. Usca Ria LLC’s holdings in Philip Morris International were worth $2,893,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of PM. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Philip Morris International during the fourth quarter worth about $106,000. 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 period. Acropolis Investment Management LLC purchased a new stake in Philip Morris International during the first quarter worth about $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 period. Finally, American National Bank boosted its stake in 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 during the period. Hedge funds and other institutional investors own 72.45% of the company’s stock.
Philip Morris International Inc (PM) traded up 0.83% during mid-day trading on Monday, hitting $115.71. 3,067,620 shares of the stock traded hands. The stock has a market capitalization of $179.72 billion, a PE ratio of 25.64 and a beta of 0.93. The company has a 50 day moving average price of $118.90 and a 200-day moving average price of $112.12. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 earnings per share. Equities analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, June 21st. Philip Morris International’s dividend payout ratio is currently 92.24%.
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PM has been the subject of a number of recent analyst reports. Vetr upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 price target for the company in a report on Wednesday, April 26th. Jefferies Group LLC set a $111.00 price objective on shares of Philip Morris International and gave the company a “hold” rating in a research report on Wednesday, April 19th. BidaskClub lowered shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price objective on shares of Philip Morris International in a research report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price 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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