Philip Morris International Inc (PM) Position Increased by Financial Advisory Service Inc.
Financial Advisory Service Inc. lifted its stake in Philip Morris International Inc (NYSE:PM) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,471 shares of the company’s stock after purchasing an additional 11 shares during the period. Financial Advisory Service Inc.’s holdings in Philip Morris International were worth $643,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Welch Investments LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at about $113,000. American Beacon Advisors Inc. acquired a new stake in shares of Philip Morris International in the first quarter valued at about $114,000. Acropolis Investment Management LLC lifted its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares during the period. Donald L. Hagan LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at about $202,000. Finally, Telos Capital Management Inc. acquired a new stake in shares of Philip Morris International in the second quarter valued at about $204,000. Hedge funds and other institutional investors own 72.00% of the company’s stock.
Shares of Philip Morris International Inc (NYSE PM) opened at 113.52 on Tuesday. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market capitalization of $176.32 billion, a P/E ratio of 25.15 and a beta of 0.93. The company has a 50-day moving average of $114.61 and a 200-day moving average of $115.81.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $7.11 billion. During the same quarter in the prior year, the company posted $1.15 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that Philip Morris International Inc will post $4.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were issued a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $4.28 dividend on an annualized basis and a yield of 3.77%. This is an increase 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 equities analysts have issued reports on PM shares. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Jefferies Group LLC cut their target price on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Berenberg Bank set a $96.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. Finally, Citigroup Inc. restated a “neutral” rating and set a $125.00 target price (down previously from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $126.00.
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In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction that occurred 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 available at this link. Corporate insiders own 0.23% of the company’s stock.
About Philip Morris International
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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