Philip Morris International Inc. (PM) Stake Raised by Day & Ennis LLC

Day & Ennis LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,208 shares of the company’s stock after buying an additional 1 shares during the quarter. Day & Ennis LLC’s holdings in Philip Morris International were worth $377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC lifted its holdings in Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares during the last quarter. Novare Capital Management LLC lifted its holdings in Philip Morris International by 0.3% during the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock valued at $216,000 after purchasing an additional 5 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in Philip Morris International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock valued at $369,000 after purchasing an additional 8 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in Philip Morris International by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock valued at $396,000 after purchasing an additional 10 shares during the last quarter. Finally, Vantage Investment Advisors LLC lifted its holdings in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after purchasing an additional 10 shares during the last quarter. 72.63% of the stock is owned by institutional investors.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by company insiders.

Philip Morris International Inc. (PM) traded down $0.55 on Tuesday, hitting $106.04. The stock had a trading volume of 3,049,000 shares, compared to its average volume of 4,125,936. Philip Morris International Inc. has a 12 month low of $88.90 and a 12 month high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The firm has a market capitalization of $165,555.89, a P/E ratio of 23.74, a P/E/G ratio of 2.15 and a beta of 0.90.

Philip Morris International (NYSE:PM) last posted its earnings results 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). The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts expect that Philip Morris International Inc. will post 4.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, December 20th. Philip Morris International’s dividend payout ratio is currently 94.48%.

Several equities research analysts have issued reports on the company. Jefferies Group reaffirmed a “hold” rating and set a $120.00 price target on shares of Philip Morris International in a report on Thursday, September 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $135.00 price target (down previously from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $130.00 price target on shares of Philip Morris International in a report on Sunday, October 22nd. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Goldman Sachs Group assumed coverage on Philip Morris International in a report on Monday, October 2nd. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Philip Morris International has an average rating of “Hold” and an average price target of $124.23.

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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.

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

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