Pensionfund DSM Netherlands Has $7,869,000 Holdings in Philip Morris International Inc (PM)

Pensionfund DSM Netherlands continued to hold its stake in shares of Philip Morris International Inc (NYSE:PM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,000 shares of the company’s stock at the close of the second quarter. Philip Morris International makes up 1.2% of Pensionfund DSM Netherlands’ holdings, making the stock its 7th biggest holding. Pensionfund DSM Netherlands’ holdings in Philip Morris International were worth $7,869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PM. Welch Investments LLC purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $113,000. American Beacon Advisors Inc. purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $114,000. Gemmer Asset Management LLC lifted its stake in shares of Philip Morris International by 40.6% during the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in shares of Philip Morris International by 75.0% during the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock valued at $198,000 after buying an additional 750 shares during the period. Finally, Sterling Investment Advisors Ltd. lifted its stake in shares of Philip Morris International by 23.2% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock valued at $199,000 after buying an additional 332 shares during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

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Shares of Philip Morris International Inc (NYSE:PM) traded up 0.04% during trading on Wednesday, hitting $117.10. 1,015,817 shares of the stock were exchanged. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock’s 50 day moving average is $116.39 and its 200-day moving average is $115.43. The stock has a market cap of $181.88 billion, a price-to-earnings ratio of 25.95 and a beta of 0.94.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a yield of 3.66%. Philip Morris International’s payout ratio is 92.24%.

Several equities analysts recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $121.00 price objective on shares of Philip Morris International in a research note on Tuesday, June 20th. 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. BidaskClub raised 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 reissued an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $134.00 price objective on shares of Philip Morris International in a research note on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $122.79.

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.

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

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