Aspiriant LLC Has $1.09 Million Stake in Philip Morris International Inc (PM)

Aspiriant LLC lessened its position in Philip Morris International Inc (NYSE:PM) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,263 shares of the company’s stock after selling 176 shares during the period. Aspiriant LLC’s holdings in Philip Morris International were worth $1,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Palisade Asset Management LLC bought a new position in Philip Morris International during the first quarter valued at approximately $225,000. Wetherby Asset Management Inc. lifted its position in Philip Morris International by 3.8% during the first quarter. Wetherby Asset Management Inc. now owns 31,135 shares of the company’s stock valued at $3,515,000 after purchasing an additional 1,153 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Philip Morris International by 0.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 162,622 shares of the company’s stock valued at $18,360,000 after purchasing an additional 700 shares during the period. Verity & Verity LLC lifted its position in Philip Morris International by 5.9% during the first quarter. Verity & Verity LLC now owns 41,326 shares of the company’s stock valued at $4,666,000 after purchasing an additional 2,305 shares during the period. Finally, Central Bank & Trust Co. lifted its position in Philip Morris International by 1.0% during the first quarter. Central Bank & Trust Co. now owns 6,573 shares of the company’s stock valued at $742,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) opened at 104.70 on Tuesday. The firm’s 50-day moving average is $112.22 and its 200-day moving average is $115.47. The stock has a market capitalization of $162.62 billion, a PE ratio of 23.20 and a beta of 0.93. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.

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 consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect 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 was paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.09%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Tuesday, September 26th. Philip Morris International’s payout ratio is presently 94.48%.

A number of brokerages recently weighed in on PM. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday. Piper Jaffray Companies restated a “buy” rating and set a $130.00 price objective on shares of Philip Morris International in a research report on Sunday, October 22nd. Jefferies Group LLC restated a “hold” rating and set a $114.00 price objective on shares of Philip Morris International in a research report on Friday, October 20th. Bank of America Corporation lowered their price objective on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Finally, Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus target price of $124.62.

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Philip Morris International Company 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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