Nwam LLC cut its position in shares of Philip Morris International Inc (NYSE:PM) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,443 shares of the company’s stock after selling 176 shares during the period. Nwam LLC’s holdings in Philip Morris International were worth $389,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Baillie Gifford & Co. raised its position in Philip Morris International by 6.5% in the fourth quarter. Baillie Gifford & Co. now owns 106,590 shares of the company’s stock worth $9,752,000 after buying an additional 6,518 shares during the last quarter. Cantab Capital Partners LLP increased its stake in Philip Morris International by 12.5% in the fourth quarter. Cantab Capital Partners LLP now owns 21,765 shares of the company’s stock worth $1,991,000 after buying an additional 2,418 shares during the period. Cpcm LLC acquired a new stake in Philip Morris International during the fourth quarter worth $936,000. Gardner Russo & Gardner LLC increased its stake in Philip Morris International by 0.5% in the fourth quarter. Gardner Russo & Gardner LLC now owns 10,363,811 shares of the company’s stock worth $948,185,000 after buying an additional 49,798 shares during the period. Finally, MML Investors Services LLC acquired a new stake in Philip Morris International during the fourth quarter worth $362,000. 72.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Philip Morris International Inc (NYSE PM) opened at 119.00 on Tuesday. The stock has a 50 day moving average price of $118.52 and a 200 day moving average price of $107.63. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The stock has a market capitalization of $184.82 billion, a P/E ratio of 26.34 and a beta of 0.94.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 20th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.03 by $0.05. The company had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $6.47 billion. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. On average, analysts anticipate that Philip Morris International Inc will post $4.90 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Wednesday, June 21st. Philip Morris International’s dividend payout ratio is presently 92.04%.
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PM has been the topic of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $118.00 price target on shares of Philip Morris International in a research note on Sunday, April 23rd. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Wednesday, March 29th. BidaskClub downgraded Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr upgraded Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price target on the stock in a research note on Monday, June 26th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $104.00 price target on shares of Philip Morris International in a research note on Friday, March 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $118.29.
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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