Philip Morris International Inc. (PM) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in Philip Morris International Inc. (NYSE:PM) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,355 shares of the company’s stock after purchasing an additional 697 shares during the period. D.A. Davidson & CO.’s holdings in Philip Morris International were worth $5,531,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Philip Morris International by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after purchasing an additional 10 shares during the last quarter. Vantage Investment Advisors LLC boosted its holdings in shares of Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the last quarter. LGL Partners LLC boosted its holdings in shares of Philip Morris International by 0.9% during the second quarter. LGL Partners LLC now owns 1,821 shares of the company’s stock worth $214,000 after purchasing an additional 17 shares during the last quarter. Newman Dignan & Sheerar Inc. boosted its holdings in shares of Philip Morris International by 0.3% during the second quarter. Newman Dignan & Sheerar Inc. now owns 5,943 shares of the company’s stock worth $6,984,000 after purchasing an additional 17 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its holdings in shares of Philip Morris International by 1.1% during the second quarter. Sterling Investment Advisors Ltd. now owns 1,784 shares of the company’s stock worth $210,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

How to Become a New Pot Stock Millionaire

Philip Morris International Inc. (NYSE:PM) opened at $101.74 on Tuesday. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.80. The firm has a market capitalization of $160,697.17, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.94 and a beta of 0.85. Philip Morris International Inc. has a 52-week low of $96.66 and a 52-week high of $123.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. analysts predict that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.21%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 110.59%.

In other Philip Morris International news, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the transaction, the insider now directly owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the completion of the transaction, the chief executive officer now directly owns 792,765 shares in the company, valued at $82,178,019.90. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Several research firms have recently issued reports on PM. Bank of America decreased their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Piper Jaffray Companies restated a “buy” rating and set a $126.00 price objective on shares of Philip Morris International in a report on Thursday, February 8th. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average target price of $124.57.

TRADEMARK VIOLATION NOTICE: This report was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/03/20/philip-morris-international-inc-pm-shares-bought-by-d-a-davidson-co.html.

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.

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply