Philip Morris International Inc. (PM) Shares Sold by Bank of Hawaii

Bank of Hawaii trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 18.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,971 shares of the company’s stock after selling 15,776 shares during the period. Bank of Hawaii owned about 4,569.34% of Philip Morris International worth $7,878,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PM. Vanguard Group Inc. grew its position in Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after purchasing an additional 2,972,929 shares in the last quarter. BlackRock Inc. grew its position in Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after purchasing an additional 2,421,533 shares in the last quarter. FMR LLC grew its position in Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after purchasing an additional 2,330,864 shares in the last quarter. Alliancebernstein L.P. grew its position in Philip Morris International by 57.8% in the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after purchasing an additional 2,139,002 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in Philip Morris International by 132.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,284,971 shares of the company’s stock valued at $364,665,000 after purchasing an additional 1,869,411 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Philip Morris International Inc. (PM) opened at $103.47 on Friday. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The company has a market cap of $161,936.94, a PE ratio of 22.84, a PEG ratio of 1.88 and a beta of 0.89. Philip Morris International Inc. has a 12-month low of $89.97 and a 12-month high of $123.55.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Wednesday, December 20th. Philip Morris International’s dividend payout ratio is presently 94.48%.

PM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Philip Morris International in a research report on Tuesday, October 10th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research report on Thursday, September 28th. Piper Jaffray Companies set a $130.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Bank of America decreased their price objective on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $124.23.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

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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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