Copeland Capital Management LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 26.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,902 shares of the company’s stock after selling 1,402 shares during the period. Copeland Capital Management LLC’s holdings in Philip Morris International were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in PM. Guidant Wealth Advisors boosted its position in Philip Morris International by 25.5% during 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 lifted its position 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 worth $121,000 after purchasing an additional 10 shares during the period. Acropolis Investment Management LLC lifted its position 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 worth $123,000 after purchasing an additional 5 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position 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 worth $144,000 after purchasing an additional 150 shares during the period. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Philip Morris International in the 2nd quarter worth about $145,000. 72.36% of the stock is owned by institutional investors.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were 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 SEC, which is accessible through this link. 0.23% of the stock is owned by insiders.
PM has been the subject of several research reports. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Goldman Sachs Group upgraded shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target for the company in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Cowen restated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Bank of America reduced their price objective on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Hold” and a consensus target price of $124.23.
Philip Morris International Inc. (NYSE PM) opened at $104.86 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market cap of $162,870.00, a P/E ratio of 23.15, a P/E/G ratio of 1.88 and a beta of 0.89. Philip Morris International Inc. has a 1-year low of $89.97 and a 1-year high of $123.55.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts expect that Philip Morris International Inc. will post 4.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.08%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio is currently 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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