Burns J W & Co. Inc. NY Has $5.39 Million Holdings in Philip Morris International Inc (PM)

Burns J W & Co. Inc. NY lessened its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,920 shares of the company’s stock after selling 358 shares during the period. Philip Morris International accounts for 1.5% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 21st largest holding. Burns J W & Co. Inc. NY’s holdings in Philip Morris International were worth $5,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Hudock Capital Group LLC grew its holdings in Philip Morris International by 0.3% during the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after purchasing an additional 10 shares during the last quarter. Argent Capital Management LLC grew its holdings in Philip Morris International by 0.6% during the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after purchasing an additional 20 shares during the last quarter. Quotient Investors LLC grew its holdings in Philip Morris International by 0.4% during the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after purchasing an additional 22 shares during the last quarter. Stillwater Investment Management LLC grew its holdings in Philip Morris International by 0.8% during the second quarter. Stillwater Investment Management LLC now owns 2,956 shares of the company’s stock valued at $347,000 after purchasing an additional 23 shares during the last quarter. Finally, Klingman & Associates LLC grew its holdings in Philip Morris International by 1.1% during the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock valued at $276,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction on 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 document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.

Philip Morris International Inc (NYSE PM) traded down 0.81% during midday trading on Friday, reaching $115.79. 5,992,435 shares of the company’s stock were exchanged. The company has a market cap of $179.84 billion, a P/E ratio of 25.66 and a beta of 0.94. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The company has a 50 day moving average price of $116.22 and a 200 day moving average price of $115.56.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.70%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, September 26th. Philip Morris International’s dividend payout ratio is currently 92.24%.

Several brokerages have recently issued reports on PM. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. BidaskClub downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $122.79.

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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.

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

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