Mercer Capital Advisers Inc. held its position in Philip Morris International Inc (NYSE:PM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,798 shares of the company’s stock at the close of the second quarter. Mercer Capital Advisers Inc.’s holdings in Philip Morris International were worth $798,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in PM. Welch Investments LLC purchased a new position in shares of Philip Morris International in the 1st quarter valued at about $113,000. American Beacon Advisors Inc. purchased a new position in shares of Philip Morris International in the 1st quarter valued at about $114,000. Acropolis Investment Management LLC increased its holdings in shares of Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in shares of Philip Morris International by 75.0% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock valued at $198,000 after acquiring an additional 750 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. increased its holdings in shares of Philip Morris International by 23.2% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock valued at $199,000 after acquiring an additional 332 shares during the last quarter. Institutional investors and hedge funds own 72.00% of the company’s stock.
A number of research analysts have recently commented on the company. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC dropped their price target on Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and raised their price target for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. Finally, Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target on the stock. in a research note on Monday, June 19th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $125.92.
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Philip Morris International Inc (PM) opened at 114.53 on Friday. The firm has a 50 day moving average price of $114.63 and a 200 day moving average price of $115.76. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The stock has a market capitalization of $177.89 billion, a P/E ratio of 25.38 and a beta of 0.93.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. Equities research analysts predict 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 Thursday, October 12th. Stockholders of record on Wednesday, September 27th were issued a dividend of $1.07 per share. The ex-dividend date was Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a dividend yield of 3.74%. Philip Morris International’s dividend payout ratio is 94.90%.
In other news, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.
Philip Morris International Profile
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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