Philip Morris International Inc (PM) Stake Decreased by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. trimmed its position in shares of Philip Morris International Inc (NYSE:PM) by 25.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,435 shares of the company’s stock after selling 1,155 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Philip Morris International were worth $403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Guidant Wealth Advisors boosted its position in shares of Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares in the last quarter. Welch Investments LLC bought a new position in shares of Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC boosted its position in shares of Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Philip Morris International by 75.0% during the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after purchasing an additional 750 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.com-unik.info/2017/11/01/philip-morris-international-inc-pm-stake-decreased-by-beacon-investment-advisory-services-inc.html.

In related news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 price objective (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $134.00 price objective on shares of Philip Morris International in a research report on Monday, July 31st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $124.62.

Shares of Philip Morris International Inc (PM) opened at 104.64 on Wednesday. The firm’s 50-day moving average is $111.85 and its 200 day moving average is $115.39. The company has a market capitalization of $162.53 billion, a PE ratio of 23.19 and a beta of 0.93. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Philip Morris International Inc will post $4.75 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were given a dividend of $1.07 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

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.

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

What are top analysts saying about Philip Morris International Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Philip Morris International Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit