Northside Capital Management LLC held its position in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,649 shares of the company’s stock at the end of the second quarter. Philip Morris International accounts for approximately 0.8% of Northside Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Northside Capital Management LLC’s holdings in Philip Morris International were worth $1,592,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Wade G W & Inc. increased its stake in Philip Morris International by 16.9% in the first quarter. Wade G W & Inc. now owns 9,412 shares of the company’s stock worth $923,000 after buying an additional 1,362 shares during the period. Investment Centers of America Inc. increased its stake in Philip Morris International by 15.9% in the first quarter. Investment Centers of America Inc. now owns 73,757 shares of the company’s stock worth $7,258,000 after buying an additional 10,111 shares during the period. Sii Investments Inc. WI increased its stake in Philip Morris International by 11.2% in the first quarter. Sii Investments Inc. WI now owns 17,562 shares of the company’s stock worth $1,724,000 after buying an additional 1,773 shares during the period. Sanders Morris Harris Inc. bought a new stake in Philip Morris International during the first quarter worth about $538,000. Finally, Fundsmith LLP increased its stake in Philip Morris International by 8.2% in the first quarter. Fundsmith LLP now owns 3,913,280 shares of the company’s stock worth $383,932,000 after buying an additional 296,790 shares during the period. Institutional investors own 71.22% of the company’s stock.
Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.11% during mid-day trading on Thursday, reaching $96.20. 4,767,600 shares of the company were exchanged. The company’s 50-day moving average is $99.01 and its 200 day moving average is $99.69. Philip Morris International Inc. has a 12 month low of $83.27 and a 12 month high of $104.20. The firm has a market capitalization of $149.24 billion, a price-to-earnings ratio of 23.01 and a beta of 0.95.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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. The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.77 billion. Philip Morris International had a net margin of 8.84% and a negative return on equity of 57.28%. During the same quarter in the prior year, the business earned $1.21 EPS. Analysts predict that Philip Morris International Inc. will post $4.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, September 28th will be paid a dividend of $1.04 per share. The ex-dividend date is Monday, September 26th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 4.32%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s dividend payout ratio (DPR) is currently 99.52%.
PM has been the topic of several recent research reports. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Goldman Sachs Group Inc. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $106.00 to $114.00 in a research note on Monday, September 12th. Jefferies Group initiated coverage on shares of Philip Morris International in a research note on Wednesday, September 21st. They set a “hold” rating and a $96.00 target price on the stock. Citigroup Inc. initiated coverage on shares of Philip Morris International in a research note on Tuesday, September 13th. They set a “neutral” rating and a $106.00 target price on the stock. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Philip Morris International in a research note on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Philip Morris International 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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