Philip Morris International Inc. (PM) Shares Bought by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. lifted its position in Philip Morris International Inc. (NYSE:PM) by 35.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,600 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Philip Morris International were worth $1,066,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of PM. Charter Trust Co. grew its stake in Philip Morris International by 1.4% during the 2nd quarter. Charter Trust Co. now owns 6,120 shares of the company’s stock worth $719,000 after purchasing an additional 83 shares in the last quarter. Country Club Trust Company n.a. acquired a new position in Philip Morris International during the 2nd quarter worth $206,000. City Holding Co. grew its stake in Philip Morris International by 11.9% during the 2nd quarter. City Holding Co. now owns 6,416 shares of the company’s stock worth $754,000 after purchasing an additional 681 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Philip Morris International by 8.9% during the 2nd quarter. Koshinski Asset Management Inc. now owns 2,729 shares of the company’s stock worth $320,000 after purchasing an additional 222 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC grew its stake in Philip Morris International by 3.8% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 10,496 shares of the company’s stock worth $1,233,000 after purchasing an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value 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 insiders.
Philip Morris International Inc. (PM) opened at $104.87 on Wednesday. The stock has a market capitalization of $162,880.00, a PE ratio of 23.15, a PEG ratio of 1.89 and a beta of 0.89. Philip Morris International Inc. has a 1 year low of $90.15 and a 1 year high of $123.55. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. equities research analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s payout ratio is currently 94.48%.
Several research analysts recently commented on PM shares. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Wells Fargo & Co reissued an “outperform” rating and set a $140.00 target price on shares of Philip Morris International in a research note on Tuesday, October 10th. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price for the company in a research note on Thursday, September 28th. Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Bank of America lowered their target price on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $124.54.
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Philip Morris International Profile
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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