Peoples Financial Services CORP. Has $694,000 Stake in Philip Morris International Inc (PM)

Peoples Financial Services CORP. increased its position in shares of Philip Morris International Inc (NYSE:PM) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,908 shares of the company’s stock after buying an additional 250 shares during the period. Peoples Financial Services CORP.’s holdings in Philip Morris International were worth $694,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. raised its position in Philip Morris International by 0.5% in the second quarter. Beese Fulmer Investment Management Inc. now owns 80,758 shares of the company’s stock worth $9,485,000 after buying an additional 384 shares during the last quarter. Eqis Capital Management Inc. raised its position in Philip Morris International by 17.4% in the second quarter. Eqis Capital Management Inc. now owns 16,318 shares of the company’s stock worth $1,917,000 after buying an additional 2,417 shares during the last quarter. Abner Herrman & Brock LLC raised its position in Philip Morris International by 209.8% in the second quarter. Abner Herrman & Brock LLC now owns 37,968 shares of the company’s stock worth $4,459,000 after buying an additional 25,712 shares during the last quarter. Randolph Co Inc bought a new position in Philip Morris International during the second quarter worth $5,743,000. Finally, Iowa State Bank raised its position in Philip Morris International by 0.5% in the second quarter. Iowa State Bank now owns 6,123 shares of the company’s stock worth $719,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) traded down 0.18% on Monday, hitting $118.91. The stock had a trading volume of 2,175,231 shares. The stock has a market cap of $184.68 billion, a PE ratio of 26.32 and a beta of 0.94. The company’s 50 day moving average is $118.52 and its 200 day moving average is $107.63. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, April 20th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.05. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Philip Morris International Inc will post $4.90 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.49%. Philip Morris International’s dividend payout ratio (DPR) is currently 92.04%.

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A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Tuesday, July 11th. Bank of America Corporation lifted their price target on Philip Morris International from $123.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, July 10th. BidaskClub lowered Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Vetr upgraded Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price target for the company in a research note on Monday, June 26th. Finally, Berenberg Bank set a $96.00 price target on Philip Morris International and gave the company a “hold” rating in a research note on Saturday, June 24th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $118.29.

About Philip Morris International

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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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