Gradient Investments LLC Sells 137 Shares of Philip Morris International Inc (PM)

Gradient Investments LLC decreased its position in shares of Philip Morris International Inc (NYSE:PM) by 13.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 849 shares of the company’s stock after selling 137 shares during the period. Gradient Investments LLC’s holdings in Philip Morris International were worth $100,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Pegasus Partners Ltd. increased its position in Philip Morris International by 2.4% in the fourth quarter. Pegasus Partners Ltd. now owns 3,661 shares of the company’s stock worth $335,000 after buying an additional 86 shares in the last quarter. Auxier Asset Management increased its position in Philip Morris International by 8.6% in the fourth quarter. Auxier Asset Management now owns 201,358 shares of the company’s stock worth $18,422,000 after buying an additional 15,864 shares in the last quarter. M Holdings Securities Inc. increased its position in Philip Morris International by 369.8% in the fourth quarter. M Holdings Securities Inc. now owns 54,450 shares of the company’s stock worth $6,253,000 after buying an additional 42,859 shares in the last quarter. Whalerock Point Partners LLC increased its position in Philip Morris International by 5.5% in the fourth quarter. Whalerock Point Partners LLC now owns 5,721 shares of the company’s stock worth $524,000 after buying an additional 300 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its position in Philip Morris International by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 40,625 shares of the company’s stock worth $4,478,000 after buying an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Philip Morris International Inc (NYSE PM) traded down 0.671% on Thursday, hitting $114.636. 1,167,564 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $117.87 and its 200-day moving average price is $112.78. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a market cap of $178.05 billion, a PE ratio of 25.401 and a beta of 0.93.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Wednesday, June 21st. Philip Morris International’s payout ratio is 92.24%.

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A number of research firms have recently issued reports on PM. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research note on Monday, June 19th. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 price objective on shares of Philip Morris International in a research note on Tuesday, June 20th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $134.00 price objective on shares of Philip Morris International in a research note on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus price target of $122.00.

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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