Murphy Capital Management Inc. Cuts Position in Philip Morris International Inc. (NYSE:PM)

Murphy Capital Management Inc. decreased its position in Philip Morris International Inc. (NYSE:PM) by 6.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,350 shares of the company’s stock after selling 1,143 shares during the quarter. Murphy Capital Management Inc.’s holdings in Philip Morris International were worth $1,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Montag A & Associates Inc. grew its stake in shares of Philip Morris International by 0.6% during the first quarter. Montag A & Associates Inc. now owns 18,782 shares of the company’s stock worth $1,660,000 after purchasing an additional 120 shares in the last quarter. NBT Bank N A NY grew its stake in shares of Philip Morris International by 0.3% during the first quarter. NBT Bank N A NY now owns 41,531 shares of the company’s stock worth $3,671,000 after purchasing an additional 120 shares in the last quarter. OLD Point Trust & Financial Services N A grew its stake in shares of Philip Morris International by 0.8% during the first quarter. OLD Point Trust & Financial Services N A now owns 15,397 shares of the company’s stock worth $1,361,000 after purchasing an additional 125 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Philip Morris International by 4.1% during the first quarter. Farmers & Merchants Investments Inc. now owns 3,283 shares of the company’s stock worth $290,000 after purchasing an additional 128 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. grew its stake in shares of Philip Morris International by 10.1% during the first quarter. Shine Investment Advisory Services Inc. now owns 1,448 shares of the company’s stock worth $128,000 after purchasing an additional 133 shares in the last quarter. 73.48% of the stock is currently owned by institutional investors.

In other Philip Morris International news, insider Mario Masseroli sold 1,100 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total value of $96,162.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Kunst acquired 500 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was bought at an average price of $80.74 per share, with a total value of $40,370.00. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

A number of brokerages recently commented on PM. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Bank of America upgraded shares of Philip Morris International from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $81.00 to $94.00 in a research note on Friday, May 17th. Morgan Stanley lowered their target price on shares of Philip Morris International from $94.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Wells Fargo & Co set a $102.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Barclays upgraded shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $82.00 to $100.00 in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Hold” and an average price target of $93.92.

NYSE PM traded up $1.72 during trading hours on Friday, hitting $84.17. The company had a trading volume of 6,109,071 shares, compared to its average volume of 4,607,089. Philip Morris International Inc. has a 1-year low of $64.67 and a 1-year high of $92.74. The stock has a market cap of $130.08 billion, a P/E ratio of 16.50, a PEG ratio of 2.04 and a beta of 0.95. The firm has a 50 day moving average of $81.44.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.13. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. Philip Morris International’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts forecast that Philip Morris International Inc. will post 5.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st were paid a $1.14 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $4.56 annualized dividend and a yield of 5.42%. Philip Morris International’s dividend payout ratio is presently 89.41%.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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