Philip Morris International Inc (PM) Holdings Trimmed by American National Bank
American National Bank trimmed its position in Philip Morris International Inc (NYSE:PM) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,628 shares of the company’s stock after selling 109 shares during the period. American National Bank’s holdings in Philip Morris International were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Welch Investments LLC purchased a new position in shares of Philip Morris International in the first quarter worth $113,000. American Beacon Advisors Inc. purchased a new position in shares of Philip Morris International in the first quarter worth $114,000. Gemmer Asset Management LLC raised its holdings in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Philip Morris International by 75.0% in 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 buying an additional 750 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. raised its holdings in shares of Philip Morris International by 23.2% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock worth $199,000 after buying an additional 332 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.
Shares of Philip Morris International Inc (NYSE PM) traded down 0.78% on Friday, hitting $115.82. 3,049,339 shares of the company traded hands. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The company has a market capitalization of $179.89 billion, a PE ratio of 25.66 and a beta of 0.94. The stock’s 50-day moving average price is $116.29 and its 200-day moving average price is $115.51.
Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.09). The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 EPS. On average, equities analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be issued 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 of this dividend is Tuesday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s dividend payout ratio (DPR) is currently 92.24%.
In other news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a 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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A number of research analysts have issued reports on the stock. Berenberg Bank set a $96.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC raised their price target on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and raised their price target for the stock from $118.00 to $119.00 in a report on Friday, August 11th. Finally, Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target for the company. in a report on Monday, June 19th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target 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.
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