Philip Morris International Inc. (PM) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,323 shares of the company’s stock after selling 1,944 shares during the period. WINTON GROUP Ltd’s holdings in Philip Morris International were worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Kovack Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $978,000. Hutner Capital Management Inc. lifted its holdings in shares of Philip Morris International by 2.0% in the 4th quarter. Hutner Capital Management Inc. now owns 59,422 shares of the company’s stock valued at $6,278,000 after acquiring an additional 1,160 shares during the last quarter. Cedar Capital LLC lifted its holdings in shares of Philip Morris International by 6.5% in the 4th quarter. Cedar Capital LLC now owns 12,187 shares of the company’s stock valued at $1,288,000 after acquiring an additional 743 shares during the last quarter. Telemus Capital LLC lifted its holdings in shares of Philip Morris International by 5.7% in the 4th quarter. Telemus Capital LLC now owns 29,473 shares of the company’s stock valued at $3,114,000 after acquiring an additional 1,593 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in shares of Philip Morris International by 53,273.8% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 450,475 shares of the company’s stock valued at $47,593,000 after acquiring an additional 449,631 shares during the last quarter. Hedge funds and other institutional investors own 72.27% of the company’s stock.

Shares of Philip Morris International opened at $80.74 on Friday, according to MarketBeat.com. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of -2.82. The stock has a market capitalization of $126.94 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.63 and a beta of 0.88. Philip Morris International Inc. has a 1 year low of $76.21 and a 1 year high of $121.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.12. The business had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $7.03 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. sell-side analysts predict that Philip Morris International Inc. will post 5.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 22nd will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Thursday, June 21st. This is an increase from Philip Morris International’s previous quarterly dividend of $1.07. Philip Morris International’s payout ratio is currently 92.49%.

In related news, insider Jerry Whitson purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 25th. The stock was purchased at an average price of $82.76 per share, with a total value of $248,280.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Miroslaw Zielinski purchased 6,000 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were bought at an average cost of $81.56 per share, with a total value of $489,360.00. The disclosure for this purchase can be found here. Insiders have bought 49,000 shares of company stock valued at $3,989,640 in the last ninety days. Insiders own 0.22% of the company’s stock.

A number of research analysts recently commented on PM shares. TheStreet downgraded shares of Philip Morris International from a “b-” rating to a “c+” rating in a report on Tuesday, March 20th. Deutsche Bank started coverage on shares of Philip Morris International in a report on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price target for the company. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. Finally, Cowen reissued a “buy” rating and issued a $105.00 price objective on shares of Philip Morris International in a research note on Friday, April 20th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $117.67.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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