Sentinel Trust Co. LBA Grows Holdings in Philip Morris International Inc. (PM)

Sentinel Trust Co. LBA grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 32.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 41,185 shares of the company’s stock after purchasing an additional 10,124 shares during the period. Sentinel Trust Co. LBA’s holdings in Philip Morris International were worth $3,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PM. Alerus Financial NA lifted its position in shares of Philip Morris International by 11.3% during the second quarter. Alerus Financial NA now owns 87,413 shares of the company’s stock worth $7,058,000 after purchasing an additional 8,897 shares in the last quarter. IMA Wealth Inc. acquired a new position in shares of Philip Morris International during the second quarter worth $149,000. Envestnet Asset Management Inc. lifted its position in shares of Philip Morris International by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 201,092 shares of the company’s stock worth $16,235,000 after purchasing an additional 20,196 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Philip Morris International by 6.7% during the second quarter. Sumitomo Life Insurance Co. now owns 68,443 shares of the company’s stock worth $5,526,000 after purchasing an additional 4,321 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Philip Morris International by 8.4% during the second quarter. Great West Life Assurance Co. Can now owns 1,889,087 shares of the company’s stock worth $152,646,000 after purchasing an additional 145,893 shares in the last quarter. Institutional investors own 72.88% of the company’s stock.

PM opened at $79.33 on Monday. The firm has a market capitalization of $124.44 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15. Philip Morris International Inc. has a 12-month low of $76.21 and a 12-month high of $116.72.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 19th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.18. The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. equities research analysts anticipate that Philip Morris International Inc. will post 5.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Wednesday, September 26th will be issued a $1.14 dividend. The ex-dividend date is Tuesday, September 25th. This represents a $4.56 annualized dividend and a yield of 5.75%. Philip Morris International’s dividend payout ratio is presently 92.49%.

PM has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 17th. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research report on Friday, August 24th. Citigroup set a $90.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 20th. ValuEngine cut shares of Philip Morris International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Finally, Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Wednesday, July 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $103.36.

About Philip Morris International

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.

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

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