Bedrijfstakpensioenfonds Voor DE Media PNO Grows Position in Philip Morris International Inc. (PM)
Bedrijfstakpensioenfonds Voor DE Media PNO boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,741 shares of the company’s stock after purchasing an additional 658 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Philip Morris International were worth $4,523,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guidant Wealth Advisors raised its holdings in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares in the last quarter. Vantage Investment Advisors LLC raised its holdings in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after buying an additional 10 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Philip Morris International by 13.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock valued at $144,000 after buying an additional 150 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in Philip Morris International during the second quarter valued at about $145,000. 72.36% of the stock is owned by hedge funds and other institutional investors.
In other 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. research analysts predict that Philip Morris International Inc. will post 4.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders 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 dividend yield of 4.05%. Philip Morris International’s payout ratio is presently 94.48%.
Several equities analysts have weighed in on PM shares. Piper Jaffray Companies restated a “buy” rating and set a $130.00 target price on shares of Philip Morris International in a report on Sunday, October 22nd. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Goldman Sachs Group started coverage on Philip Morris International in a report on Monday, October 2nd. They set a “buy” rating on the stock. Cowen restated a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Finally, Jefferies Group restated a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $124.23.
ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.thecerbatgem.com/2018/01/11/bedrijfstakpensioenfonds-voor-de-media-pno-grows-position-in-philip-morris-international-inc-pm.html.
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.
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.