YorkBridge Wealth Partners LLC held its stake in shares of Philip Morris International Inc (NYSE:PM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,001 shares of the company’s stock at the close of the 2nd quarter. YorkBridge Wealth Partners LLC’s holdings in Philip Morris International were worth $351,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Guidant Wealth Advisors raised its stake in Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares during the period. American Beacon Advisors Inc. bought a new stake in Philip Morris International during the 1st quarter valued at approximately $114,000. Vantage Investment Advisors LLC raised its stake 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 period. Acropolis Investment Management LLC grew 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 buying an additional 5 shares in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new position in Philip Morris International during the 2nd quarter valued at approximately $178,000. 72.63% of the stock is currently owned by institutional investors.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is currently owned by insiders.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. Philip Morris International’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. equities analysts expect that Philip Morris International Inc will post 4.75 EPS for the current year.
The business 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 $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is 94.48%.
Several research firms have weighed in on PM. Cowen restated a “buy” rating and set a $135.00 price target on shares of Philip Morris International in a report on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 price target on Philip Morris International and gave the company a “buy” rating in a report on Saturday, August 19th. Jefferies Group restated a “hold” rating and set a $120.00 price target (down previously from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Wells Fargo & Company restated an “outperform” rating and set a $140.00 price target on shares of Philip Morris International in a report on Tuesday, October 10th. Finally, Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target for the company in a report on Thursday, September 28th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $124.23.
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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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