UBS Oconnor LLC bought a new stake in Philip Morris International Inc (NYSE:PM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 36,600 shares of the company’s stock, valued at approximately $4,299,000.
Other institutional investors have also bought and sold shares of the company. Hourglass Capital LLC raised its stake in Philip Morris International by 0.9% in the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after buying an additional 650 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after purchasing an additional 4,123 shares in the last quarter. Suffolk Capital Management LLC acquired a new stake in shares of Philip Morris International during the second quarter worth about $12,928,000. LMR Partners LLP increased its position in shares of Philip Morris International by 274.0% during the second quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock worth $2,512,000 after purchasing an additional 15,671 shares in the last quarter. Finally, Birinyi Associates Inc. increased its position in shares of Philip Morris International by 15.0% during the second quarter. Birinyi Associates Inc. now owns 27,160 shares of the company’s stock worth $3,190,000 after purchasing an additional 3,550 shares in the last quarter. Institutional investors own 72.63% of the company’s stock.
In related news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.23% of the company’s stock.
A number of analysts have recently commented on the company. Jefferies Group reiterated a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a research report on Thursday, September 28th. Cowen reiterated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Goldman Sachs Group assumed coverage on Philip Morris International in a research report on Monday, October 2nd. They set a “buy” rating on the stock. Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Saturday, August 19th. Finally, Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $124.23.
Philip Morris International Inc (NYSE:PM) traded down $0.11 during midday trading on Monday, hitting $106.59. The company had a trading volume of 4,611,900 shares, compared to its average volume of 4,130,480. 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 Inc has a 52-week low of $88.90 and a 52-week high of $123.55. The stock has a market capitalization of $165,555.89, a price-to-earnings ratio of 23.74, a P/E/G ratio of 2.15 and a beta of 0.90.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the business earned $1.25 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts forecast that Philip Morris International Inc will post 4.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, December 20th. Philip Morris International’s dividend payout ratio is currently 94.48%.
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Philip Morris International Company Profile
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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