Stillwater Investment Management LLC Has $347,000 Stake in Philip Morris International Inc (PM)
Stillwater Investment Management LLC lifted its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,956 shares of the company’s stock after purchasing an additional 23 shares during the quarter. Stillwater Investment Management LLC’s holdings in Philip Morris International were worth $347,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Welch Investments LLC purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $113,000. American Beacon Advisors Inc. purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $114,000. Gemmer Asset Management LLC raised its stake in shares of Philip Morris International by 40.6% during the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after purchasing an additional 322 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Philip Morris International by 75.0% during the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after purchasing an additional 750 shares during the last quarter. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of Philip Morris International during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 72.02% of the company’s stock.
Philip Morris International Inc (NYSE:PM) traded down 0.23% during mid-day trading on Thursday, hitting $116.59. The company had a trading volume of 861,471 shares. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company’s 50 day moving average price is $116.34 and its 200-day moving average price is $115.49. The company has a market cap of $181.09 billion, a PE ratio of 25.83 and a beta of 0.94.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.09). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Tuesday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s payout ratio is currently 92.24%.
In other news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.
PM has been the subject of several research analyst reports. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC increased their price objective on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and increased their price objective for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Finally, Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective for the company. in a research report on Monday, June 19th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $122.79.
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.
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.