Honkamp Krueger Financial Services Inc. Has $2.38 Million Stake in Philip Morris International Inc (PM)
Honkamp Krueger Financial Services Inc. lifted its stake in shares of Philip Morris International Inc (NYSE:PM) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,268 shares of the company’s stock after purchasing an additional 1,203 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Philip Morris International were worth $2,380,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Philip Morris International by 1.4% during the first quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock worth $58,076,000 after purchasing an additional 7,050 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Philip Morris International by 42.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock worth $236,086,000 after acquiring an additional 618,100 shares in the last quarter. Swiss National Bank raised its position in Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after acquiring an additional 1,189,800 shares in the last quarter. USA Mutuals Advisors Inc. raised its position in Philip Morris International by 2.5% in the first quarter. USA Mutuals Advisors Inc. now owns 102,500 shares of the company’s stock worth $11,572,000 after acquiring an additional 2,500 shares in the last quarter. Finally, First Manhattan Co. raised its position in Philip Morris International by 1.6% in the first quarter. First Manhattan Co. now owns 1,724,204 shares of the company’s stock worth $167,627,000 after acquiring an additional 26,507 shares in the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
Several research analysts have issued reports on the company. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and increased their price objective for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. Finally, Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective for the company. in a research report on Monday, June 19th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $123.92.
In other news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by insiders.
Shares of Philip Morris International Inc (NYSE:PM) opened at 111.42 on Thursday. The firm has a market cap of $173.06 billion, a price-to-earnings ratio of 24.69 and a beta of 0.93. The firm has a 50-day moving average price of $115.11 and a 200 day moving average price of $115.76. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.09). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s payout ratio is currently 94.90%.
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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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