Pictet Asset Management Ltd. boosted its position in Philip Morris International Inc (NYSE:PM) by 7.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,338,363 shares of the company’s stock after buying an additional 91,133 shares during the period. Pictet Asset Management Ltd.’s holdings in Philip Morris International were worth $151,101,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Princeton Portfolio Strategies Group LLC boosted its stake in shares of Philip Morris International by 8.0% in the fourth quarter. Princeton Portfolio Strategies Group LLC now owns 13,535 shares of the company’s stock worth $1,238,000 after buying an additional 1,000 shares during the last quarter. Capital International Inc. CA boosted its stake in shares of Philip Morris International by 55.3% in the fourth quarter. Capital International Inc. CA now owns 80,730 shares of the company’s stock worth $7,386,000 after buying an additional 28,730 shares during the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Philip Morris International during the fourth quarter worth $19,670,000. Cigna Investments Inc. New purchased a new stake in shares of Philip Morris International during the fourth quarter worth $5,233,000. Finally, United Capital Financial Advisers LLC boosted its stake in shares of Philip Morris International by 0.7% in the fourth quarter. United Capital Financial Advisers LLC now owns 78,567 shares of the company’s stock worth $7,188,000 after buying an additional 539 shares during the last quarter. Institutional investors and hedge funds own 72.33% of the company’s stock.
Shares of Philip Morris International Inc (NYSE:PM) opened at 116.71 on Tuesday. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company has a market cap of $181.27 billion, a price-to-earnings ratio of 25.86 and a beta of 0.94. The firm has a 50-day moving average of $119.00 and a 200 day moving average of $111.94.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share 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 for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the prior year, the business posted $1.15 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, June 21st. Philip Morris International’s dividend payout ratio is currently 92.24%.
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PM has been the subject of a number of analyst reports. Jefferies Group LLC set a $111.00 price objective on shares of Philip Morris International and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company restated an “outperform” rating and issued a $120.00 price objective on shares of Philip Morris International in a research note on Wednesday, April 19th. Vetr upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 target price for the company in a research note on Thursday, April 20th. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 target price on shares of Philip Morris International in a research note on Sunday, April 23rd. Finally, Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $122.00.
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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