Oarsman Capital Inc. lowered its position in Philip Morris International Inc (NYSE:PM) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,688 shares of the company’s stock after selling 300 shares during the period. Oarsman Capital Inc.’s holdings in Philip Morris International were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in PM. Alliancebernstein L.P. increased its holdings in Philip Morris International by 57.8% in the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares in the last quarter. Amerigo Asset Management purchased a new position in Philip Morris International in the second quarter valued at about $209,061,000. Canada Pension Plan Investment Board increased its holdings in Philip Morris International by 60.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,353,310 shares of the company’s stock valued at $393,846,000 after buying an additional 1,262,200 shares in the last quarter. Swiss National Bank increased its holdings in Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after buying an additional 1,189,800 shares in the last quarter. Finally, State Street Corp increased its holdings in Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares in the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.
A number of brokerages have issued reports on PM. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and increased their target price for the company from $118.00 to $119.00 in a report on Friday, August 11th. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 target price on shares of Philip Morris International in a report on Thursday, September 28th. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Wells Fargo & Company reissued an “outperform” rating and set a $135.00 price objective (down from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $130.00 price objective on shares of Philip Morris International in a research note on Sunday, October 22nd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $124.23.
Shares of Philip Morris International Inc (NYSE:PM) traded up $2.14 on Thursday, hitting $107.60. 5,108,800 shares of the stock were exchanged, compared to its average volume of 4,128,816. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International Inc has a fifty-two week low of $87.90 and a fifty-two week high of $123.55. The stock has a market cap of $163,800.78, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.13 and a beta of 0.90.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts expect that Philip Morris International Inc will post 4.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a $1.07 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 annualized dividend and a yield of 3.98%. Philip Morris International’s payout ratio is currently 94.48%.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by insiders.
WARNING: “Philip Morris International Inc (PM) Position Reduced by Oarsman Capital Inc.” was posted by Stock Observer and is the property of of Stock Observer. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.thestockobserver.com/2017/12/07/philip-morris-international-inc-pm-position-reduced-by-oarsman-capital-inc.html.
Philip Morris International Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.