Opus Investment Management Inc. Has $4,992,000 Holdings in Philip Morris International Inc (PM)

Opus Investment Management Inc. maintained its stake in Philip Morris International Inc (NYSE:PM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,500 shares of the company’s stock at the close of the second quarter. Opus Investment Management Inc.’s holdings in Philip Morris International were worth $4,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acropolis Investment Management LLC increased its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of Philip Morris International by 0.3% in the second quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock valued at $244,000 after buying an additional 7 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after buying an additional 10 shares in the last quarter. Cape ANN Savings Bank increased its stake in shares of Philip Morris International by 0.7% in the second quarter. Cape ANN Savings Bank now owns 2,142 shares of the company’s stock valued at $252,000 after buying an additional 15 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of Philip Morris International by 0.6% in the second quarter. Cornerstone Advisors Inc. now owns 3,053 shares of the company’s stock valued at $359,000 after buying an additional 18 shares in the last quarter. 72.00% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://transcriptdaily.com/2017/10/09/opus-investment-management-inc-has-4992000-holdings-in-philip-morris-international-inc-pm.html.

Shares of Philip Morris International Inc (NYSE PM) opened at 111.27 on Monday. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The firm has a market capitalization of $172.82 billion, a price-to-earnings ratio of 24.66 and a beta of 0.93. The company has a 50-day moving average price of $114.80 and a 200-day moving average price of $115.71.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.09). The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. Philip Morris International’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 earnings per share. Equities analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be paid a $1.07 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, September 26th. This represents a $4.28 annualized dividend and a dividend yield of 3.85%. Philip Morris International’s dividend payout ratio is presently 94.90%.

In other news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

PM has been the subject of a number of research reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $133.00 target price (down from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Cowen and Company restated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. BidaskClub lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $120.00 target price (down from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $123.92.

Philip Morris International Company 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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc (NYSE:PM).

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