Philip Morris International Inc. (PM) Holdings Trimmed by Smith Salley & Associates

Smith Salley & Associates trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,516 shares of the company’s stock after selling 500 shares during the quarter. Smith Salley & Associates’ holdings in Philip Morris International were worth $945,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hourglass Capital LLC raised its holdings in shares of Philip Morris International by 0.9% during the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after acquiring an additional 650 shares in the last quarter. WFG Advisors LP raised its holdings in shares of Philip Morris International by 30.1% during the 2nd quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock worth $1,498,000 after acquiring an additional 2,951 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Philip Morris International by 28.0% during the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after acquiring an additional 4,123 shares in the last quarter. Suffolk Capital Management LLC purchased a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $12,928,000. Finally, Fundsmith LLP raised its holdings in shares of Philip Morris International by 1.5% during the 2nd quarter. Fundsmith LLP now owns 5,240,912 shares of the company’s stock worth $615,545,000 after acquiring an additional 79,106 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Several brokerages have recently issued reports on PM. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Piper Jaffray Companies set a $130.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Thursday, November 16th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $135.00 price objective (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Jefferies Group restated a “hold” rating and set a $114.00 price target on shares of Philip Morris International in a report on Friday, October 20th. Finally, Bank of America decreased their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. 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 company. The stock has an average rating of “Hold” and an average price target of $124.23.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $103.47 on Friday. Philip Morris International Inc. has a twelve month low of $89.97 and a twelve month high of $123.55. The firm has a market capitalization of $161,936.94, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.88 and a beta of 0.89. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. equities analysts forecast that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

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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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