Courier Capital LLC reduced its stake in Philip Morris International Inc. (NYSE:PM) by 37.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,966 shares of the company’s stock after selling 2,372 shares during the quarter. Courier Capital LLC’s holdings in Philip Morris International were worth $323,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its position in Philip Morris International by 19.2% during the third quarter. Parkside Financial Bank & Trust now owns 7,932 shares of the company’s stock worth $647,000 after buying an additional 1,278 shares during the period. Pittenger & Anderson Inc. lifted its position in Philip Morris International by 103.2% during the third quarter. Pittenger & Anderson Inc. now owns 7,875 shares of the company’s stock worth $642,000 after buying an additional 4,000 shares during the period. Rathbone Brothers plc lifted its position in Philip Morris International by 7.1% during the third quarter. Rathbone Brothers plc now owns 89,760 shares of the company’s stock worth $7,319,000 after buying an additional 5,912 shares during the period. KAMES CAPITAL plc purchased a new position in Philip Morris International during the third quarter worth about $823,000. Finally, Gradient Investments LLC lifted its position in Philip Morris International by 6.6% during the third quarter. Gradient Investments LLC now owns 115,038 shares of the company’s stock worth $9,380,000 after buying an additional 7,102 shares during the period. Institutional investors and hedge funds own 72.73% of the company’s stock.
Several research firms recently weighed in on PM. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research report on Friday, August 24th. Stifel Nicolaus reduced their target price on Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. ValuEngine downgraded Philip Morris International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Morgan Stanley cut their price objective on Philip Morris International from $111.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, July 17th. Finally, Cowen downgraded Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 price objective on the stock. in a report on Friday, July 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $98.00.
Philip Morris International stock opened at $82.31 on Friday. The stock has a market capitalization of $126.75 billion, a PE ratio of 16.70, a PEG ratio of 1.81 and a beta of 0.79. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of -2.76. Philip Morris International Inc. has a 12 month low of $76.21 and a 12 month high of $115.15.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 19th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.18. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.53 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $1.14 EPS. On average, equities analysts forecast that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were issued a $1.14 dividend. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.54%. Philip Morris International’s dividend payout ratio (DPR) is 92.49%.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
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