Philip Morris International Inc. (PM) Shares Bought by Pointe Capital Management LLC
Pointe Capital Management LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,890 shares of the company’s stock after buying an additional 47 shares during the period. Pointe Capital Management LLC’s holdings in Philip Morris International were worth $396,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Acropolis Investment Management LLC raised its position in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock worth $107,000 after buying an additional 5 shares during the period. RKL Wealth Management LLC purchased a new position in Philip Morris International during the second quarter worth approximately $179,000. CWM LLC raised its position in Philip Morris International by 349.2% in the second quarter. CWM LLC now owns 1,770 shares of the company’s stock worth $180,000 after buying an additional 1,376 shares during the period. Palisade Asset Management LLC purchased a new position in Philip Morris International during the second quarter worth approximately $203,000. Finally, EagleClaw Capital Managment LLC purchased a new position in Philip Morris International during the first quarter worth approximately $206,000. Hedge funds and other institutional investors own 71.22% of the company’s stock.
Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.24% during midday trading on Monday, hitting $96.25. 2,205,427 shares of the stock were exchanged. Philip Morris International Inc. has a 52-week low of $83.27 and a 52-week high of $104.20. The firm has a market cap of $149.32 billion, a PE ratio of 23.03 and a beta of 0.95. The firm’s 50-day moving average is $99.37 and its 200 day moving average is $99.71.
Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by $0.05. The firm earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.77 billion. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. During the same period in the prior year, the company posted $1.21 earnings per share. On average, analysts forecast that Philip Morris International Inc. will post $4.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Wednesday, September 28th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 4.32%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 26th. Philip Morris International’s dividend payout ratio is currently 99.52%.
PM has been the subject of a number of analyst reports. Jefferies Group set a $99.00 price objective on shares of Philip Morris International and gave the company a “hold” rating in a research report on Wednesday, October 5th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $116.00 price objective (up from $114.00) on shares of Philip Morris International in a research report on Monday, October 3rd. Wells Fargo & Co. restated an “outperform” rating and issued a $115.00 price objective on shares of Philip Morris International in a research report on Thursday, September 22nd. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, September 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $104.82.
Philip Morris International Company Profile
Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).
Receive News & Ratings for Philip Morris International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.