Texas Capital Bancshares Inc. TX bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,445 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds have also made changes to their positions in the stock. Guidant Wealth Advisors lifted its position 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 lifted its position 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 lifted its position 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 lifted its position 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 acquired a new stake in Philip Morris International during the 2nd quarter worth about $145,000. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Philip Morris International Inc. (NYSE PM) opened at $104.37 on Thursday. The stock has a market capitalization of $167,699.31, a PE ratio of 24.05, a PEG ratio of 2.18 and a beta of 0.90. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. Philip Morris International Inc. has a fifty-two week low of $89.97 and a fifty-two week high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. sell-side analysts expect that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be issued a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.10%. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

A number of brokerages have commented on PM. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $130.00 price target on shares of Philip Morris International in a research report on Sunday, October 22nd. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target for the company in a research report on Thursday, September 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $140.00 price target on shares of Philip Morris International in a research report on Tuesday, October 10th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $120.00 price target on shares of Philip Morris International in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Philip Morris International presently has an average rating of “Hold” and a consensus price target of $124.23.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/12/21/texas-capital-bancshares-inc-tx-takes-271000-position-in-philip-morris-international-inc-pm.html.

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.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.