Philip Morris International Inc. (PM) Stake Lessened by LMR Partners LLP
LMR Partners LLP decreased its position in Philip Morris International Inc. (NYSE:PM) by 78.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,706 shares of the company’s stock after selling 16,685 shares during the period. LMR Partners LLP’s holdings in Philip Morris International were worth $522,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Iberiabank Corp lifted its position in Philip Morris International by 188.9% during the second quarter. Iberiabank Corp now owns 39,371 shares of the company’s stock valued at $4,624,000 after buying an additional 25,741 shares during the period. Private Trust Co. NA lifted its position in Philip Morris International by 1.5% during the second quarter. Private Trust Co. NA now owns 40,824 shares of the company’s stock valued at $4,794,000 after buying an additional 585 shares during the period. Pure Financial Advisors Inc. lifted its position in Philip Morris International by 13.1% during the second quarter. Pure Financial Advisors Inc. now owns 4,008 shares of the company’s stock valued at $471,000 after buying an additional 464 shares during the period. Carlson Capital Management lifted its position in Philip Morris International by 12.6% during the second quarter. Carlson Capital Management now owns 3,497 shares of the company’s stock valued at $411,000 after buying an additional 392 shares during the period. Finally, CenturyLink Investment Management Co lifted its position in Philip Morris International by 100.4% during the second quarter. CenturyLink Investment Management Co now owns 12,465 shares of the company’s stock valued at $1,464,000 after buying an additional 6,246 shares during the period. Hedge funds and other institutional investors own 72.35% of the company’s stock.
In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International 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 can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.
Several equities analysts have commented on PM shares. Cowen reissued a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research report on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 price target on shares of Philip Morris International in a research report on Thursday, September 28th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Philip Morris International in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $135.00 price target on Philip Morris International and gave the stock a “buy” rating in a research report on Sunday, October 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $124.54.
Shares of Philip Morris International Inc. (NYSE:PM) opened at $105.07 on Friday. Philip Morris International Inc. has a twelve month low of $93.23 and a twelve month high of $123.55. The company has a market capitalization of $164,313.33, a PE ratio of 23.19, a P/E/G ratio of 1.91 and a beta of 0.89. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. Philip Morris International’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 annualized dividend and a yield of 4.07%. Philip Morris International’s payout ratio is 94.48%.
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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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