Wealthstreet Investment Advisors LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,256 shares of the company’s stock after selling 712 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Philip Morris International were worth $5,811,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division raised its position in Philip Morris International by 349.9% in the third quarter. Moody National Bank Trust Division now owns 21,485 shares of the company’s stock valued at $1,751,000 after purchasing an additional 16,710 shares during the period. Steinberg Global Asset Management raised its position in Philip Morris International by 4.5% in the third quarter. Steinberg Global Asset Management now owns 61,941 shares of the company’s stock valued at $5,051,000 after purchasing an additional 2,693 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Philip Morris International by 3.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 571,737 shares of the company’s stock valued at $46,619,000 after purchasing an additional 19,147 shares during the period. OLD Republic International Corp raised its position in Philip Morris International by 3.6% in the third quarter. OLD Republic International Corp now owns 699,200 shares of the company’s stock valued at $57,013,000 after purchasing an additional 24,000 shares during the period. Finally, WBI Investments Inc. purchased a new stake in Philip Morris International in the third quarter valued at approximately $9,929,000. 72.92% of the stock is currently owned by hedge funds and other institutional investors.
Philip Morris International stock opened at $88.75 on Friday. Philip Morris International Inc. has a twelve month low of $76.21 and a twelve month high of $111.25. The firm has a market cap of $136.91 billion, a PE ratio of 17.07, a P/E/G ratio of 2.02 and a beta of 0.58.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.16. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the company earned $1.27 earnings per share. The company’s revenue was up .4% on a year-over-year basis. As a group, research analysts forecast that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Tuesday, September 25th. Philip Morris International’s dividend payout ratio is currently 92.49%.
A number of analysts have issued reports on PM shares. Jefferies Financial Group reissued a “buy” rating and issued a $93.00 target price on shares of Philip Morris International in a research report on Friday, July 13th. Morgan Stanley cut their target price on 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. Cowen lowered Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price on the stock. in a research report on Friday, July 20th. Citigroup set a $90.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, Stifel Nicolaus cut their target price on Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $98.08.
Philip Morris International Company 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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