Plimoth Trust Co. LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the first quarter, HoldingsChannel.com reports. The firm owned 15,215 shares of the company’s stock after acquiring an additional 146 shares during the period. Plimoth Trust Co. LLC’s holdings in Philip Morris International were worth $1,345,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PM. Federated Investors Inc. PA increased its position in Philip Morris International by 0.5% during the 3rd quarter. Federated Investors Inc. PA now owns 9,427,919 shares of the company’s stock valued at $768,753,000 after buying an additional 47,889 shares in the last quarter. Vanguard Group Inc increased its position in Philip Morris International by 1.3% during the 3rd 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 in the last quarter. Moody National Bank Trust Division increased its position in Philip Morris International by 4.7% during the 4th quarter. Moody National Bank Trust Division now owns 22,487 shares of the company’s stock valued at $1,501,000 after buying an additional 1,002 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Philip Morris International by 0.8% during the 4th quarter. Gulf International Bank UK Ltd now owns 30,545 shares of the company’s stock valued at $2,039,000 after buying an additional 250 shares in the last quarter. Finally, Lynch & Associates IN increased its position in Philip Morris International by 3.7% during the 4th quarter. Lynch & Associates IN now owns 15,437 shares of the company’s stock valued at $1,031,000 after buying an additional 551 shares in the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.
Philip Morris International stock opened at $85.12 on Tuesday. The stock has a market cap of $133.33 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.15 and a beta of 0.93. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $92.74.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 5.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were paid a dividend of $1.14 per share. The ex-dividend date was Monday, March 25th. This represents a $4.56 annualized dividend and a yield of 5.36%. Philip Morris International’s payout ratio is presently 89.41%.
Several research analysts recently issued reports on the company. Citigroup upped their target price on Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, March 25th. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Bank of America reaffirmed a “sell” rating and set a $74.00 target price on shares of Philip Morris International in a research report on Tuesday, March 26th. Zacks Investment Research lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, UBS Group raised Philip Morris International from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $101.00 in a research report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $91.85.
In other news, VP Michael R. Kunst purchased 2,500 shares of the company’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $84.67 per share, for a total transaction of $211,675.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andre Calantzopoulos sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the sale, the chief executive officer now owns 844,901 shares in the company, valued at approximately $71,613,808.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,200 shares of company stock worth $10,186,984. Company insiders own 0.21% of the company’s stock.
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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.
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