Boenning & Scattergood Inc. boosted its position in Philip Morris International Inc. (NYSE:PM) by 3.0% during the first quarter, Holdings Channel reports. The institutional investor owned 5,384 shares of the company’s stock after purchasing an additional 158 shares during the period. Boenning & Scattergood Inc.’s holdings in Philip Morris International were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc boosted its position in Philip Morris International by 1.3% in the third quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after buying an additional 1,516,211 shares during the last quarter. BlackRock Inc. boosted its position in Philip Morris International by 5.1% in the fourth quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after buying an additional 4,576,645 shares during the last quarter. Geode Capital Management LLC boosted its position in Philip Morris International by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 18,724,587 shares of the company’s stock valued at $1,247,824,000 after buying an additional 1,298,116 shares during the last quarter. Flossbach Von Storch AG boosted its position in Philip Morris International by 15.3% in the fourth quarter. Flossbach Von Storch AG now owns 18,204,516 shares of the company’s stock valued at $1,215,333,000 after buying an additional 2,419,260 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Philip Morris International by 6,541.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,319,091 shares of the company’s stock valued at $170,000 after buying an additional 11,148,661 shares during the last quarter. Hedge funds and other institutional investors own 73.51% of the company’s stock.
Shares of NYSE:PM opened at $85.12 on Tuesday. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $92.74. The company has a market capitalization of $133.29 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 2.15 and a beta of 0.93.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, April 18th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.10. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the previous year, the company posted $1.00 earnings per share. Philip Morris International’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts predict that Philip Morris International Inc. will post 5.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Monday, March 25th. Philip Morris International’s payout ratio is 89.41%.
PM has been the subject of a number of analyst reports. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, March 29th. ValuEngine downgraded Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Piper Jaffray Companies set a $100.00 price target on Philip Morris International and gave the company a “buy” rating in a report on Friday, February 8th. Morgan Stanley decreased their price target on Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. Finally, UBS Group raised Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $101.00 in a report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $91.85.
In other news, Director Louis C. Camilleri sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $83.54, for a total transaction of $5,847,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mario Masseroli sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $84.32, for a total value of $101,184.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,200 shares of company stock valued at $10,186,984. Corporate insiders own 0.21% of the company’s stock.
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About Philip Morris International
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.
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