Comerica Bank trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 490,919 shares of the company’s stock after selling 4,532 shares during the period. Comerica Bank’s holdings in Philip Morris International were worth $51,399,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after acquiring an additional 2,972,929 shares during the period. BlackRock Inc. increased its stake in shares of Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after purchasing an additional 2,421,533 shares during the period. FMR LLC boosted its holdings in shares of Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after acquiring an additional 2,330,864 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Philip Morris International by 57.8% in the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after acquiring an additional 2,139,002 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Philip Morris International by 132.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,284,971 shares of the company’s stock valued at $364,665,000 after acquiring an additional 1,869,411 shares in the last quarter. 72.35% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on PM shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a report on Sunday, October 22nd. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Goldman Sachs Group assumed coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating for the company. Cowen restated a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Finally, Jefferies Group restated a “hold” rating and set a $120.00 price target on shares of Philip Morris International in a report on Thursday, September 28th. One investment 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. The company currently has a consensus rating of “Hold” and a consensus target price of $124.54.
In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.
Philip Morris International Inc. (NYSE:PM) opened at $105.79 on Thursday. Philip Morris International Inc. has a 1-year low of $92.54 and a 1-year high of $123.55. The stock has a market cap of $164,310.00, a PE ratio of 23.35, a P/E/G ratio of 1.90 and a beta of 0.89. 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 (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 the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. equities analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is 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.
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