Geneva Partners LLC Takes Position in Philip Morris International Inc. (PM)

Geneva Partners LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 7,100 shares of the company’s stock, valued at approximately $788,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. grew its stake in Philip Morris International by 12.4% during the third quarter. Pacer Advisors Inc. now owns 40,197 shares of the company’s stock valued at $4,462,000 after acquiring an additional 4,430 shares in the last quarter. Girard Partners LTD. grew its stake in shares of Philip Morris International by 8.4% in the 3rd quarter. Girard Partners LTD. now owns 37,926 shares of the company’s stock worth $4,210,000 after buying an additional 2,929 shares in the last quarter. Legacy Capital Partners Inc. grew its stake in shares of Philip Morris International by 3.7% in the 3rd quarter. Legacy Capital Partners Inc. now owns 18,745 shares of the company’s stock worth $2,081,000 after buying an additional 670 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Philip Morris International by 2.6% in the 3rd quarter. Chartwell Investment Partners LLC now owns 146,485 shares of the company’s stock worth $16,260,000 after buying an additional 3,650 shares in the last quarter. Finally, Roosevelt Investment Group Inc. purchased a new position in shares of Philip Morris International in the 3rd quarter worth $326,000. 72.35% of the stock is owned by institutional investors.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

A number of equities analysts have commented on PM shares. Piper Jaffray Companies reissued a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a research note on Sunday, October 22nd. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Goldman Sachs Group started coverage on shares of Philip Morris International in a research note on Monday, October 2nd. They issued a “buy” rating for the company. Cowen reissued a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Jefferies Group reissued a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $124.54.

Shares of Philip Morris International Inc. (NYSE PM) opened at $104.87 on Wednesday. The stock has a market cap of $162,880.00, a PE ratio of 23.15, a PEG ratio of 1.89 and a beta of 0.89. 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 twelve month low of $90.15 and a twelve month high of $123.55.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the business posted $1.25 EPS. Philip Morris International’s revenue was up 7.4% compared to the same quarter last year. research analysts expect that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.08%. Philip Morris International’s payout ratio is 94.48%.

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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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