Strategic Financial Group LLC Purchases 4 Shares of Philip Morris International Inc (PM)

Strategic Financial Group LLC boosted its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,232 shares of the company’s stock after buying an additional 4 shares during the period. Strategic Financial Group LLC’s holdings in Philip Morris International were worth $365,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cedar Rock Capital Ltd. increased its stake in shares of Philip Morris International by 0.5% in the fourth quarter. Cedar Rock Capital Ltd. now owns 11,945,653 shares of the company’s stock worth $1,092,908,000 after buying an additional 58,068 shares during the period. Gardner Russo & Gardner LLC increased its stake in shares of Philip Morris International by 0.5% in the fourth quarter. Gardner Russo & Gardner LLC now owns 10,363,811 shares of the company’s stock worth $948,185,000 after buying an additional 49,798 shares during the period. Franklin Resources Inc. increased its stake in shares of Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock worth $800,847,000 after buying an additional 1,240,300 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Philip Morris International by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,357,568 shares of the company’s stock worth $491,969,000 after buying an additional 18,903 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Philip Morris International during the fourth quarter worth about $351,755,000. 72.31% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Inc (PM) opened at 119.00 on Tuesday. The stock has a market capitalization of $184.82 billion, a PE ratio of 26.34 and a beta of 0.94. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company’s 50-day moving average price is $118.52 and its 200-day moving average price is $107.63.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.05. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Equities research analysts predict that Philip Morris International Inc will post $4.90 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were paid a dividend of $1.04 per share. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 annualized dividend and a yield of 3.50%. Philip Morris International’s dividend payout ratio is presently 92.04%.

TRADEMARK VIOLATION WARNING: This report was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://transcriptdaily.com/2017/07/18/strategic-financial-group-llc-purchases-4-shares-of-philip-morris-international-inc-pm.html.

PM has been the subject of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a research note on Sunday, April 23rd. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Wednesday, March 29th. BidaskClub downgraded Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr raised Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Monday, June 26th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $104.00 target price on shares of Philip Morris International in a research note on Friday, March 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $118.29.

About Philip Morris International

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)

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.

Leave a Reply