Philip Morris International Inc (PM) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its holdings in shares of Philip Morris International Inc (NYSE:PM) by 14.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,047 shares of the company’s stock after selling 25,602 shares during the period. Philip Morris International makes up 0.6% of Stephens Inc. AR’s investment portfolio, making the stock its 28th largest holding. Stephens Inc. AR’s holdings in Philip Morris International were worth $17,858,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Acropolis Investment Management LLC boosted its holdings in shares of Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares in the last quarter. Novare Capital Management LLC boosted its holdings in shares of Philip Morris International by 0.3% during the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after buying an additional 5 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of Philip Morris International by 0.3% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock worth $244,000 after buying an additional 7 shares in the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Philip Morris International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after buying an additional 8 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Philip Morris International by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) traded up $2.14 on Thursday, hitting $107.60. The company had a trading volume of 5,108,800 shares, compared to its average volume of 4,128,816. Philip Morris International Inc has a 12 month low of $87.90 and a 12 month high of $123.55. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. The company has a market cap of $163,800.78, a PE ratio of 23.49, a P/E/G ratio of 2.13 and a beta of 0.90.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the business posted $1.25 earnings per share. Philip Morris International’s revenue was up 7.4% on a year-over-year basis. analysts anticipate that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by company insiders.

A number of research firms have issued reports on PM. Cowen restated a “buy” rating and set a $135.00 price target on shares of Philip Morris International in a report on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the stock a “buy” rating in a report on Saturday, August 19th. BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Jefferies Group reiterated a “hold” rating and issued a $120.00 target price (down from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Finally, SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and increased their target price for the stock from $118.00 to $119.00 in a report on Friday, August 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $124.23.

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Philip Morris International Company 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.

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

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