Advisory Services Network LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 22,936 shares of the company’s stock after buying an additional 41 shares during the period. Advisory Services Network LLC’s holdings in Philip Morris International were worth $2,333,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of PM. Addenda Capital Inc. raised its stake in Philip Morris International by 1.8% in the first quarter. Addenda Capital Inc. now owns 8,640 shares of the company’s stock valued at $785,000 after buying an additional 149 shares during the period. Hyman Charles D bought a new stake in Philip Morris International during the first quarter valued at approximately $7,067,000. IFP Advisors Inc raised its stake in Philip Morris International by 30.9% in the first quarter. IFP Advisors Inc now owns 83,476 shares of the company’s stock valued at $8,190,000 after buying an additional 19,706 shares during the period. Badgley Phelps & Bell Inc. bought a new stake in Philip Morris International during the first quarter valued at approximately $238,000. Finally, American Economic Planning Group Inc. ADV bought a new stake in Philip Morris International during the first quarter valued at approximately $216,000. 71.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Philip Morris International Inc. (NYSE:PM) traded down 0.38% during midday trading on Friday, hitting $95.83. The stock had a trading volume of 3,156,276 shares. The stock has a market cap of $148.66 billion, a P/E ratio of 22.93 and a beta of 0.95. Philip Morris International Inc. has a 12-month low of $83.27 and a 12-month high of $104.20. The stock has a 50-day moving average price of $98.78 and a 200-day moving average price of $99.65.
Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by $0.05. Philip Morris International had a net margin of 8.84% and a negative return on equity of 57.28%. The company earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the previous year, the company posted $1.21 EPS. Equities analysts forecast that Philip Morris International Inc. will post $4.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 13th. Investors of record on Wednesday, September 28th were paid a $1.04 dividend. The ex-dividend date was Monday, September 26th. This represents a $4.16 dividend on an annualized basis and a yield of 4.34%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s dividend payout ratio is presently 99.52%.
A number of equities analysts have issued reports on the company. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $105.00 price target (up previously from $99.00) on shares of Philip Morris International in a research report on Friday, July 15th. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Credit Agricole SA reiterated an “outperform” rating on shares of Philip Morris International in a research report on Sunday, September 25th. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 price target on the stock in a research report on Monday, June 20th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and set a $115.00 price target on shares of Philip Morris International in a research report on Thursday, September 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus target price of $104.82.
About Philip Morris International
Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.
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