Philip Morris International Inc. (PM) Holdings Maintained by GSB Wealth Management LLC
GSB Wealth Management LLC continued to hold its stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the company’s stock at the close of the second quarter. GSB Wealth Management LLC’s holdings in Philip Morris International were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Hourglass Capital LLC boosted its stake in shares of Philip Morris International by 0.9% during the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after buying an additional 650 shares during the period. Wedbush Securities Inc. lifted its position in Philip Morris International by 28.0% in the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after purchasing an additional 4,123 shares during the period. Suffolk Capital Management LLC acquired a new stake in Philip Morris International in the second quarter valued at about $12,928,000. LMR Partners LLP lifted its position in Philip Morris International by 274.0% in the second quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock valued at $2,512,000 after purchasing an additional 15,671 shares during the period. Finally, Birinyi Associates Inc. lifted its position in Philip Morris International by 15.0% in the second quarter. Birinyi Associates Inc. now owns 27,160 shares of the company’s stock valued at $3,190,000 after purchasing an additional 3,550 shares during the period. 72.63% of the stock is currently owned by institutional investors.
Shares of Philip Morris International Inc. (PM) opened at $109.68 on Friday. Philip Morris International Inc. has a 12-month low of $88.90 and a 12-month high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. The stock has a market cap of $167,248.89, a P/E ratio of 23.98, a PEG ratio of 2.18 and a beta of 0.90.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. Philip Morris International’s revenue was up 7.4% on a year-over-year basis. sell-side analysts anticipate that Philip Morris International Inc. will post 4.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.90%. Philip Morris International’s payout ratio is 94.48%.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.
A number of equities research analysts recently commented on PM shares. Piper Jaffray Companies set a $135.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Sunday, October 15th. Goldman Sachs Group started coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating for the company. Cowen restated a “buy” rating and issued a $135.00 price objective on shares of Philip Morris International in a research report on Tuesday, August 22nd. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and issued a $120.00 price objective (down previously from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $124.23.
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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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