Bessemer Group Inc. Trims Holdings in Philip Morris International Inc. (NYSE:PM)

Bessemer Group Inc. lessened its position in Philip Morris International Inc. (NYSE:PM) by 12.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,942,179 shares of the company’s stock after selling 263,747 shares during the quarter. Bessemer Group Inc. owned 0.13% of Philip Morris International worth $215,600,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guidant Wealth Advisors boosted its holdings in shares of Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the period. Vantage Investment Advisors LLC boosted its holdings in shares of Philip Morris International by 1.0% during the second 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 boosted its holdings in shares of Philip Morris International by 0.5% during the second 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 boosted its holdings in shares of Philip Morris International by 13.9% during the second 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 during the second quarter worth about $145,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on PM shares. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Wells Fargo & Co reissued an “outperform” rating and issued a $140.00 price target on shares of Philip Morris International in a research note on Tuesday, October 10th. Goldman Sachs Group raised 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. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Bank of America decreased their target price 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $124.77.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE PM) opened at $104.50 on Friday. Philip Morris International Inc. has a fifty-two week low of $89.97 and a fifty-two week high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The stock has a market cap of $162,310.00, a P/E ratio of 23.07, a P/E/G ratio of 1.90 and a beta of 0.89.

Philip Morris International (NYSE:PM) last issued its 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). 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 during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The company’s revenue for the quarter 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 fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio is presently 94.48%.

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Philip Morris International 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.

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

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