St. Louis Trust Co continued to hold its position in shares of Philip Morris International Inc (NYSE:PM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,415 shares of the company’s stock at the close of the second quarter. Philip Morris International comprises approximately 0.7% of St. Louis Trust Co’s portfolio, making the stock its 23rd largest position. St. Louis Trust Co’s holdings in Philip Morris International were worth $1,458,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PM. Welch Investments LLC acquired a new stake in Philip Morris International in the 1st quarter valued at about $113,000. American Beacon Advisors Inc. acquired a new stake in Philip Morris International in the 1st quarter valued at about $114,000. Acropolis Investment Management LLC raised its position in Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares in the last quarter. Donald L. Hagan LLC acquired a new stake in Philip Morris International in the 2nd quarter valued at about $202,000. Finally, Telos Capital Management Inc. acquired a new stake in Philip Morris International in the 2nd quarter valued at about $204,000. 72.00% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by insiders.
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PM has been the topic of a number of analyst reports. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Tuesday, July 11th. BidaskClub lowered Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Vetr raised 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 report on Monday, June 26th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $125.92.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were issued a $1.07 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a yield of 3.74%. The ex-dividend date was Tuesday, September 26th. Philip Morris International’s payout ratio is currently 94.90%.
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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