Philip Morris International Inc. (PM) Position Reduced by Strs Ohio

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Strs Ohio lowered its position in Philip Morris International Inc. (NYSE:PM) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 942,022 shares of the company’s stock after selling 123,028 shares during the period. Strs Ohio owned about 0.06% of Philip Morris International worth $76,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PM. Principal Financial Group Inc. increased its stake in shares of Philip Morris International by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 2,849,402 shares of the company’s stock worth $283,231,000 after purchasing an additional 47,965 shares in the last quarter. Summit Trail Advisors LLC increased its stake in shares of Philip Morris International by 8.4% during the 1st quarter. Summit Trail Advisors LLC now owns 15,641 shares of the company’s stock worth $810,000 after purchasing an additional 1,218 shares in the last quarter. Nicola Wealth Management LTD. purchased a new position in shares of Philip Morris International during the 1st quarter worth approximately $2,368,000. Private Vista LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth approximately $335,000. Finally, Rikoon Group LLC increased its stake in shares of Philip Morris International by 7.1% during the 1st quarter. Rikoon Group LLC now owns 26,683 shares of the company’s stock worth $2,629,000 after purchasing an additional 1,768 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.

A number of brokerages have recently weighed in on PM. Citigroup set a $90.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 20th. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus dropped their price objective on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Cowen cut shares of Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. cut shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Hold” and an average target price of $98.36.

PM stock opened at $88.83 on Friday. The company has a market capitalization of $136.05 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of -2.83, a current ratio of 1.19 and a quick ratio of 0.64. Philip Morris International Inc. has a one year low of $76.21 and a one year high of $111.25.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.16. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.16 billion. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. Philip Morris International’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 5 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were paid a $1.14 dividend. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 annualized dividend and a yield of 5.13%. Philip Morris International’s payout ratio is currently 92.49%.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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