Philip Morris International Inc (PM) Shares Sold by First Financial Corp IN
First Financial Corp IN lessened its position in Philip Morris International Inc (NYSE:PM) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,372 shares of the company’s stock after selling 200 shares during the quarter. First Financial Corp IN’s holdings in Philip Morris International were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently made changes to their positions in PM. C WorldWide Group Holding A S raised its stake in Philip Morris International by 70.9% during the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after buying an additional 1,255,776 shares during the last quarter. Swiss National Bank raised its stake in Philip Morris International by 26.2% during the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after buying an additional 1,189,800 shares during the last quarter. State Street Corp raised its stake in Philip Morris International by 1.8% during the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Philip Morris International by 42.0% during the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock valued at $236,086,000 after buying an additional 618,100 shares during the last quarter. Finally, Karp Capital Management Corp raised its stake in Philip Morris International by 4,117.4% during the first quarter. Karp Capital Management Corp now owns 561,679 shares of the company’s stock valued at $63,414,000 after buying an additional 548,361 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
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In other news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.
Philip Morris International Inc (NYSE:PM) traded down 0.71% during mid-day trading on Friday, hitting $111.01. The company’s stock had a trading volume of 3,912,773 shares. The firm’s 50-day moving average is $116.11 and its 200-day moving average is $115.73. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a market cap of $172.42 billion, a P/E ratio of 24.60 and a beta of 0.94.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.09). Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the company posted $1.15 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s dividend payout ratio is currently 94.90%.
A number of research analysts have issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $120.00 price objective on shares of Philip Morris International in a research note on Thursday. Goldman Sachs Group, Inc. (The) upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research note on Thursday. Cowen and Company reiterated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Piper Jaffray Companies set a $134.00 price objective on Philip Morris International and gave the company a “buy” rating in a research note on Saturday, August 19th. Finally, BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $123.92.
Philip Morris International 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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