Philip Morris International Inc (PM) Position Reduced by Oarsman Capital Inc.

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.

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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.

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

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