Atlantic Trust LLC Boosts Stake in Philip Morris International Inc. (PM)
Atlantic Trust LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,091 shares of the company’s stock after purchasing an additional 95 shares during the period. Atlantic Trust LLC’s holdings in Philip Morris International were worth $973,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of PM. Guidant Wealth Advisors increased its holdings in Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the period. Vantage Investment Advisors LLC increased its holdings in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the period. Acropolis Investment Management LLC increased its holdings in Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after acquiring an additional 5 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Philip Morris International by 13.9% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after acquiring an additional 150 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Philip Morris International during the 2nd quarter worth approximately $145,000. 72.63% of the stock is currently owned by institutional investors.
Philip Morris International Inc. (PM) traded down $0.56 during mid-day trading on Friday, reaching $107.68. 4,648,300 shares of the company’s stock were exchanged, compared to its average volume of 4,136,712. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. Philip Morris International Inc. has a fifty-two week low of $88.90 and a fifty-two week high of $123.55. The stock has a market cap of $168,118.67, a PE ratio of 24.11, a PEG ratio of 2.19 and a beta of 0.90.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a $1.07 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.97%. Philip Morris International’s dividend payout ratio is presently 94.48%.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by insiders.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday. Jefferies Group reaffirmed a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a report on Thursday, September 28th. Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Goldman Sachs Group assumed coverage on shares of Philip Morris International in a report on Monday, October 2nd. They set a “buy” rating on the stock. Finally, Piper Jaffray Companies set a $134.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $124.23.
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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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