Verity & Verity LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 38,876 shares of the company’s stock after selling 6,178 shares during the quarter. Verity & Verity LLC’s holdings in Philip Morris International were worth $3,053,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG grew its holdings in Philip Morris International by 50.5% during the 4th quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock worth $737,970,000 after acquiring an additional 3,710,763 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Philip Morris International by 168.1% during the 4th quarter. Two Sigma Advisers LP now owns 3,936,832 shares of the company’s stock worth $262,823,000 after acquiring an additional 2,468,400 shares during the last quarter. Millennium Management LLC grew its holdings in Philip Morris International by 355.6% during the 4th quarter. Millennium Management LLC now owns 2,076,386 shares of the company’s stock worth $138,620,000 after acquiring an additional 1,620,613 shares during the last quarter. Geode Capital Management LLC grew its holdings in Philip Morris International by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 18,724,587 shares of the company’s stock worth $1,247,824,000 after acquiring an additional 1,298,116 shares during the last quarter. Finally, Avalon Advisors LLC grew its holdings in Philip Morris International by 5,917.2% during the 4th quarter. Avalon Advisors LLC now owns 1,250,502 shares of the company’s stock worth $83,484,000 after acquiring an additional 1,229,720 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on PM shares. Wells Fargo & Co set a $15.00 price objective on shares of United Insurance and gave the stock a “hold” rating in a report on Friday, July 19th. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Barclays set a $89.00 price objective on shares of Franco Nevada and gave the stock a “hold” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $93.92.
Shares of NYSE PM traded down $0.03 during mid-day trading on Friday, hitting $85.60. The company’s stock had a trading volume of 97,830 shares, compared to its average volume of 4,718,438. The stock has a market capitalization of $133.72 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.96. Philip Morris International Inc. has a one year low of $64.67 and a one year high of $92.74. The company has a fifty day simple moving average of $80.29.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.13. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.42 billion. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 5.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Thursday, June 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.
In other news, VP Michael R. Kunst purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $79.66 per share, for a total transaction of $79,660.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mario Masseroli sold 1,100 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total transaction of $96,162.00. The disclosure for this sale can be found here. Insiders bought a total of 4,000 shares of company stock worth $331,705 in the last ninety days. Insiders own 0.21% of the company’s stock.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
Featured Story: Capital gains and your 401(k) or IRA
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.