Philip Morris International Inc (PM) Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its stake in shares of Philip Morris International Inc (NYSE:PM) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,013 shares of the company’s stock after selling 1,139 shares during the period. IFP Advisors Inc’s holdings in Philip Morris International were worth $9,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Philip Morris International during the fourth quarter valued at $106,000. Gradient Investments LLC increased its position in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares during the period. Trent Capital Management Inc. NC purchased a new position in shares of Philip Morris International during the fourth quarter valued at $113,000. Acropolis Investment Management LLC purchased a new position in shares of Philip Morris International during the first quarter valued at $117,000. Finally, Gemmer Asset Management LLC increased its position in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 72.33% of the company’s stock.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Shares of Philip Morris International Inc (NYSE PM) opened at 119.71 on Friday. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The firm’s 50 day moving average is $117.00 and its 200-day moving average is $106.36. The firm has a market capitalization of $185.93 billion, a PE ratio of 26.50 and a beta of 0.94.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, April 20th. The company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.05. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc will post $4.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd will be issued a dividend of $1.04 per share. The ex-dividend date is Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.48%. Philip Morris International’s payout ratio is presently 92.04%.

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Several research analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $121.00 target price on shares of Philip Morris International in a research note on Tuesday. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price target on the stock. in a report on Monday, May 8th. Cowen and Company reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Philip Morris International in a report on Wednesday, April 19th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 price target on shares of Philip Morris International in a report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $120.24.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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