Philip Morris International Inc. (PM) Position Boosted by Monroe Bank & Trust MI

Monroe Bank & Trust MI increased its holdings in Philip Morris International Inc. (NYSE:PM) by 26.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,503 shares of the company’s stock after buying an additional 3,066 shares during the quarter. Monroe Bank & Trust MI’s holdings in Philip Morris International were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Doliver Capital Advisors LP boosted its stake in Philip Morris International by 8.1% during the 3rd quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock valued at $3,303,000 after purchasing an additional 2,242 shares in the last quarter. Hourglass Capital LLC boosted its stake in Philip Morris International by 0.9% during the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after purchasing an additional 650 shares in the last quarter. WFG Advisors LP boosted its stake in Philip Morris International by 30.1% during the 2nd quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock valued at $1,498,000 after purchasing an additional 2,951 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Philip Morris International by 28.0% during the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after purchasing an additional 4,123 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Philip Morris International by 1.0% during the 3rd quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock valued at $661,401,000 after purchasing an additional 58,900 shares in the last quarter. 72.35% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Jefferies Group decreased their price target on Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $135.00 price target (down from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Citigroup decreased their price target on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $130.00 price target on shares of Philip Morris International in a research note on Sunday, October 22nd. Finally, Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International has an average rating of “Hold” and an average target price of $124.54.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $105.79 on Thursday. Philip Morris International Inc. has a 52-week low of $90.15 and a 52-week high of $123.55. The company has a market capitalization of $164,310.00, a price-to-earnings ratio of 23.35, a PEG ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the company posted $1.25 EPS. Philip Morris International’s revenue was up 7.4% on a year-over-year basis. sell-side analysts forecast that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.05%. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

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

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