Fisher Asset Management LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 33.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,270 shares of the company’s stock after acquiring an additional 4,835 shares during the quarter. Fisher Asset Management LLC’s holdings in Philip Morris International were worth $2,139,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of PM. Vanguard Group Inc. grew its holdings in shares of Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after acquiring an additional 2,972,929 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after acquiring an additional 2,421,533 shares during the last quarter. FMR LLC grew its holdings in shares of Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after acquiring an additional 2,330,864 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Philip Morris International by 57.8% during the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of Philip Morris International by 132.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 3,284,971 shares of the company’s stock valued at $364,665,000 after buying an additional 1,869,411 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.
Shares of Philip Morris International Inc. (PM) traded down $0.77 during midday trading on Thursday, reaching $104.86. The company’s stock had a trading volume of 4,106,400 shares, compared to its average volume of 4,640,000. 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 1 year low of $89.97 and a 1 year high of $123.55. The stock has a market capitalization of $162,870.00, a P/E ratio of 23.15, a P/E/G ratio of 1.88 and a beta of 0.89.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter last year, the firm earned $1.25 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities research analysts forecast that Philip Morris International Inc. will post 4.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.08%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.
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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