Toronto Dominion Bank Acquires 107,475 Shares of Philip Morris International Inc. (PM)

Toronto Dominion Bank raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 24.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 545,627 shares of the company’s stock after acquiring an additional 107,475 shares during the period. Toronto Dominion Bank’s holdings in Philip Morris International were worth $64,076,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Guidant Wealth Advisors grew its holdings in shares of Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. Vantage Investment Advisors LLC grew its holdings in shares of Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after buying an additional 10 shares during the period. Acropolis Investment Management LLC grew its holdings in shares of 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 buying an additional 5 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Philip Morris International by 13.9% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock valued at $144,000 after buying an additional 150 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $145,000. Institutional investors own 72.63% of the company’s stock.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Shares of Philip Morris International Inc. (PM) traded down $0.56 during midday trading on Friday, reaching $107.68. 4,648,300 shares of the company were exchanged, compared to its average volume of 4,136,712. The firm has a market cap of $168,118.67, a price-to-earnings ratio of 24.11, a PEG ratio of 2.19 and a beta of 0.90. 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 12-month low of $88.90 and a 12-month high of $123.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during 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%. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. analysts expect that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Wednesday, December 20th. Philip Morris International’s payout ratio is presently 94.48%.

Several brokerages have recently issued reports on PM. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday. Jefferies Group reissued a “hold” rating and issued a $120.00 price target on shares of Philip Morris International in a report on Thursday, September 28th. Cowen reissued a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Goldman Sachs Group began coverage on shares of Philip Morris International in a report on Monday, October 2nd. They issued a “buy” rating for the company. Finally, Piper Jaffray Companies set a $134.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $124.23.

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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.

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

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