BKD Wealth Advisors LLC Boosts Position in Philip Morris International Inc (PM)
BKD Wealth Advisors LLC increased its position in shares of Philip Morris International Inc (NYSE:PM) by 13.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,319 shares of the company’s stock after buying an additional 1,219 shares during the quarter. BKD Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,212,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Welch Investments LLC bought a new position in shares of Philip Morris International during the first quarter worth about $113,000. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International during the first quarter worth about $114,000. Gemmer Asset Management LLC grew its holdings 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 buying an additional 322 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings 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 buying an additional 750 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. grew its holdings in shares of Philip Morris International by 23.2% during 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 in the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
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In other news, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.23% of the company’s stock.
Shares of Philip Morris International Inc (PM) traded up 0.07% on Monday, reaching $115.87. The company had a trading volume of 1,340,105 shares. The stock has a market cap of $179.97 billion, a PE ratio of 25.67 and a beta of 0.94. The stock has a 50-day moving average price of $116.22 and a 200-day moving average price of $115.56. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.09). The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate 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 was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 earnings per share. Analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a dividend yield of 3.70%. Philip Morris International’s dividend payout ratio is currently 92.24%.
PM has been the subject of a number of research reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a report on Saturday, June 24th. Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a report on Friday, June 9th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a report on Monday, July 24th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average 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.
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