Lau Associates LLC Boosts Position in Philip Morris International Inc. (PM)

Lau Associates LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 170.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,690 shares of the company’s stock after purchasing an additional 5,479 shares during the quarter. Lau Associates LLC’s holdings in Philip Morris International were worth $709,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of PM. Principal Financial Group Inc. raised its position in Philip Morris International by 1.7% during the first quarter. Principal Financial Group Inc. now owns 2,849,402 shares of the company’s stock valued at $283,231,000 after acquiring an additional 47,965 shares in the last quarter. United Capital Financial Advisers LLC raised its position in Philip Morris International by 17.6% during the first quarter. United Capital Financial Advisers LLC now owns 94,265 shares of the company’s stock valued at $9,370,000 after acquiring an additional 14,078 shares in the last quarter. Hancock Holding Co. raised its position in Philip Morris International by 10.7% during the first quarter. Hancock Holding Co. now owns 15,089 shares of the company’s stock valued at $1,499,000 after acquiring an additional 1,460 shares in the last quarter. LPL Financial LLC raised its position in Philip Morris International by 48.9% during the first quarter. LPL Financial LLC now owns 495,711 shares of the company’s stock valued at $49,274,000 after acquiring an additional 162,732 shares in the last quarter. Finally, Sciencast Management LP bought a new position in Philip Morris International during the first quarter valued at approximately $994,000. Institutional investors and hedge funds own 72.73% of the company’s stock.

Several equities analysts recently weighed in on PM shares. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Friday, August 24th. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Citigroup raised their price objective on shares of Philip Morris International from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Finally, Morgan Stanley cut their price objective 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. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Philip Morris International currently has an average rating of “Hold” and an average target price of $98.00.

NYSE:PM opened at $82.31 on Friday. Philip Morris International Inc. has a 12 month low of $76.21 and a 12 month high of $115.15. The company has a market capitalization of $126.75 billion, a PE ratio of 16.70, a PEG ratio of 1.81 and a beta of 0.79. 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 (NYSE:PM) last released its quarterly earnings results on Thursday, July 19th. The company reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.18. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts predict that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Tuesday, September 25th. Philip Morris International’s dividend payout ratio is 92.49%.

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.

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

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