Bank Hapoalim BM Takes Position in Philip Morris International Inc (NYSE:PM)
Bank Hapoalim BM acquired a new stake in Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,935 shares of the company’s stock, valued at approximately $218,000.
A number of other large investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Philip Morris International during the fourth quarter valued at about $106,000. Gradient Investments LLC increased its stake in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares in the last quarter. Welch Investments LLC acquired a new stake in Philip Morris International during the first quarter valued at about $113,000. Acropolis Investment Management LLC acquired a new stake in Philip Morris International during the first quarter valued at about $117,000. Finally, Gemmer Asset Management LLC increased its stake in Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.
Shares of Philip Morris International Inc (NYSE PM) opened at 114.76 on Monday. The company has a market cap of $178.24 billion, a P/E ratio of 25.43 and a beta of 0.93. The firm’s 50-day moving average price is $118.90 and its 200 day moving average price is $112.12. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were paid a $1.04 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 annualized dividend and a dividend yield of 3.62%. Philip Morris International’s dividend payout ratio is currently 92.24%.
Several equities research analysts have issued reports on the company. Jefferies Group LLC restated a “hold” rating and set a $121.00 price objective on shares of Philip Morris International in a report on Tuesday, June 20th. Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price objective on the stock. in a report on Monday, May 8th. Cowen and Company restated an “outperform” rating and set a $120.00 price objective on shares of Philip Morris International in a report on Wednesday, April 19th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a research report on Sunday, April 23rd. One research analyst has 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.00.
About Philip Morris International
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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