Rational Advisors LLC grew its position in Philip Morris International Inc (NYSE:PM) by 216.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,500 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Rational Advisors LLC’s holdings in Philip Morris International were worth $1,115,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Guidant Wealth Advisors raised its position in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares during the period. Welch Investments LLC bought a new position in shares of Philip Morris International in the first quarter valued at approximately $113,000. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International in the first quarter valued at approximately $114,000. Acropolis Investment Management LLC raised its position in shares of Philip Morris International by 0.5% in the second 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 during the period. Finally, Donald L. Hagan LLC bought a new position in shares of Philip Morris International in the second quarter valued at approximately $202,000. 72.25% of the stock is currently owned by institutional investors.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.
A number of equities analysts recently issued reports on PM shares. Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet raised shares of 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 set a $133.00 target price (down previously from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Citigroup Inc. reaffirmed a “neutral” rating and set a $125.00 target price (down previously from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $134.00 target price on shares of Philip Morris International in a research report on Monday, July 31st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and an average target price of $124.62.
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Shares of Philip Morris International Inc (NYSE:PM) traded up $0.56 during midday trading on Friday, reaching $103.02. 4,935,200 shares of the company traded hands, compared to its average volume of 4,099,839. The firm has a market cap of $159,141.17, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. research analysts predict that Philip Morris International Inc will post 4.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were given a dividend of $1.07 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $4.28 annualized dividend and a yield of 4.15%. Philip Morris International’s dividend payout ratio is 94.48%.
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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