Toronto Dominion Bank grew its position in Philip Morris International Inc. (NYSE:PM) by 27.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 693,246 shares of the company’s stock after acquiring an additional 147,619 shares during the period. Toronto Dominion Bank’s holdings in Philip Morris International were worth $76,954,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Doliver Capital Advisors LP grew its holdings in Philip Morris International by 8.1% during the 3rd quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock worth $3,303,000 after acquiring an additional 2,242 shares during the period. Hourglass Capital LLC grew its holdings in Philip Morris International by 0.9% during the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after acquiring an additional 650 shares during the period. WFG Advisors LP grew its holdings in Philip Morris International by 30.1% during the 2nd quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock worth $1,498,000 after acquiring an additional 2,951 shares during the period. Wedbush Securities Inc. grew its holdings in Philip Morris International by 28.0% during the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after acquiring an additional 4,123 shares during the period. Finally, Swiss National Bank grew its holdings in Philip Morris International by 1.0% during the 3rd quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock worth $661,401,000 after acquiring an additional 58,900 shares during the period. Institutional investors own 72.35% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $137.00 price objective (up from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 10th. Citigroup cut their price objective on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $125.14.
Shares of Philip Morris International Inc. (NYSE PM) traded down $2.06 on Thursday, reaching $105.17. 7,258,508 shares of the company were exchanged, compared to its average volume of 5,027,458. Philip Morris International Inc. has a twelve month low of $97.25 and a twelve month high of $123.55. The firm has a market cap of $167,652.72, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.11 and a beta of 0.89. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.07%. Philip Morris International’s payout ratio is presently 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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