Haverford Trust Co. Has $44.36 Million Stake in Philip Morris International Inc (PM)

Haverford Trust Co. increased its stake in Philip Morris International Inc (NYSE:PM) by 1.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 392,934 shares of the company’s stock after buying an additional 4,950 shares during the period. Haverford Trust Co.’s holdings in Philip Morris International were worth $44,362,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Swiss National Bank boosted its stake in shares of Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after buying an additional 1,189,800 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Philip Morris International by 4.9% in the first quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock valued at $604,524,000 after buying an additional 251,734 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Philip Morris International by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,357,568 shares of the company’s stock valued at $491,969,000 after buying an additional 18,903 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Philip Morris International during the fourth quarter valued at $351,755,000. Finally, C WorldWide Group Holding A S boosted its stake in shares of Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after buying an additional 1,255,776 shares during the last quarter. 72.33% of the stock is currently owned by institutional investors.

Philip Morris International Inc (NYSE PM) opened at 115.88 on Wednesday. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The company has a 50-day moving average price of $118.90 and a 200 day moving average price of $112.12. The company has a market cap of $179.98 billion, a PE ratio of 25.68 and a beta of 0.93.

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 Thomson Reuters’ consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the business posted $1.15 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were issued a $1.04 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 annualized dividend and a yield of 3.59%. Philip Morris International’s dividend payout ratio (DPR) is presently 92.24%.

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Several equities research analysts have weighed in on PM shares. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Vetr raised Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 target price on the stock in a research note on Tuesday, May 16th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $122.00.

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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