Hendley & Co. Inc. Has $1.65 Million Stake in Philip Morris International Inc. (PM)

Hendley & Co. Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,831 shares of the company’s stock after selling 632 shares during the quarter. Hendley & Co. Inc.’s holdings in Philip Morris International were worth $1,646,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC grew its holdings in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares during the last quarter. Novare Capital Management LLC grew its holdings in Philip Morris International by 0.3% in the second quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock valued at $216,000 after purchasing an additional 5 shares during the last quarter. Hudock Capital Group LLC grew its holdings in Philip Morris International by 0.3% in the second quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock valued at $369,000 after purchasing an additional 8 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings in Philip Morris International by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock valued at $396,000 after purchasing an additional 10 shares during the last quarter. Finally, Vantage Investment Advisors LLC grew its holdings in Philip Morris International by 1.0% in the second 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 last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.

Several research firms have weighed in on PM. Jefferies Group lowered their target price on Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. Piper Jaffray Companies set a $135.00 price objective on Philip Morris International and gave the company a “buy” rating in a research note on Sunday, October 15th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 10th. Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $124.23.

Shares of Philip Morris International Inc. (PM) opened at $104.65 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. Philip Morris International Inc. has a 52 week low of $89.97 and a 52 week high of $123.55. The stock has a market capitalization of $162,540.00, a PE ratio of 23.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. equities analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Wednesday, December 20th. Philip Morris International’s payout ratio is 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.

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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.

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

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