Vaughan David Investments Inc. IL Reduces Position in Philip Morris International Inc. (PM)

Vaughan David Investments Inc. IL cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 12.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,664 shares of the company’s stock after selling 27,161 shares during the period. Philip Morris International makes up about 1.3% of Vaughan David Investments Inc. IL’s portfolio, making the stock its 22nd biggest holding. Vaughan David Investments Inc. IL’s holdings in Philip Morris International were worth $26,774,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Guidant Wealth Advisors boosted its stake in Philip Morris International by 25.5% during 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 last quarter. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after purchasing an additional 100,228 shares during the last quarter. Vantage Investment Advisors LLC lifted its stake in shares of Philip Morris International by 1.0% in the 2nd 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. Acropolis Investment Management LLC lifted its stake in shares of Philip Morris International by 0.5% in the 2nd 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. Finally, Financial Engines Advisors L.L.C. lifted its stake in shares of Philip Morris International by 399.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after purchasing an additional 962 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Shares of Philip Morris International Inc. (PM) opened at $104.50 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 fifty-two week low of $89.97 and a fifty-two week high of $123.55. The firm has a market capitalization of $162,309.72, a P/E ratio of 23.27, a PEG ratio of 1.89 and a beta of 0.89.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts anticipate that Philip Morris International Inc. will post 4.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were issued a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.10%. Philip Morris International’s payout ratio is 94.48%.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Several equities research analysts have recently issued reports on PM shares. Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research note on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research note on Thursday, September 28th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 10th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Philip Morris International presently has an average rating of “Hold” and a consensus price target of $124.77.

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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.

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

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