Capital Investment Advisory Services LLC acquired a new position in Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,521 shares of the company’s stock, valued at approximately $285,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Cedar Rock Capital Ltd. boosted its position in shares of Philip Morris International by 0.5% in the fourth quarter. Cedar Rock Capital Ltd. now owns 11,945,653 shares of the company’s stock valued at $1,092,908,000 after buying an additional 58,068 shares during the last quarter. Gardner Russo & Gardner LLC raised its stake in Philip Morris International by 0.5% in the fourth quarter. Gardner Russo & Gardner LLC now owns 10,363,811 shares of the company’s stock valued at $948,185,000 after buying an additional 49,798 shares during the period. Franklin Resources Inc. raised its stake in Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock valued at $800,847,000 after buying an additional 1,240,300 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in 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 period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Philip Morris International during the fourth quarter valued at approximately $351,755,000. 72.45% of the stock is currently owned by institutional investors.
Philip Morris International Inc (NYSE:PM) traded up 0.96% during mid-day trading on Monday, reaching $115.86. 3,845,745 shares of the company’s stock traded hands. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market capitalization of $179.95 billion, a PE ratio of 25.67 and a beta of 0.93. The stock has a 50-day moving average price of $118.90 and a 200-day moving average price of $112.12.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.09. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. Equities research analysts expect that Philip Morris International Inc will post $4.83 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $4.16 annualized dividend and a dividend yield of 3.59%. Philip Morris International’s payout ratio is 92.24%.
Several equities research analysts have commented on the stock. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective for the company. in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $121.00 price target on shares of Philip Morris International in a research note on Tuesday, June 20th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $134.00 price objective on shares of Philip Morris International in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus 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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