DekaBank Deutsche Girozentrale raised its position in Philip Morris International Inc. (NYSE:PM) by 10.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 781,845 shares of the company’s stock after acquiring an additional 73,754 shares during the period. Philip Morris International makes up about 0.7% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 29th largest holding. DekaBank Deutsche Girozentrale’s holdings in Philip Morris International were worth $92,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Guidant Wealth Advisors raised its stake in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. Vantage Investment Advisors LLC raised its stake in shares of 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 buying an additional 10 shares during the period. Acropolis Investment Management LLC raised its stake in shares of 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 buying an additional 5 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Philip Morris International by 13.9% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock valued at $144,000 after purchasing an additional 150 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Philip Morris International during the 2nd quarter valued at $145,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and set a $130.00 target price on shares of Philip Morris International in a report on Sunday, October 22nd. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target for the company in a research report on Thursday, September 28th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $140.00 price target on shares of Philip Morris International in a research report on Tuesday, October 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $120.00 target price on shares of Philip Morris International in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $124.23.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The firm 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%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. research analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be paid a $1.07 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.05%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.
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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