Bank of Montreal Can boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 114.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,042,858 shares of the company’s stock after buying an additional 2,158,192 shares during the quarter. Bank of Montreal Can owned approximately 0.26% of Philip Morris International worth $329,655,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Peoples Financial Services CORP. raised its position in Philip Morris International by 30.0% in the third quarter. Peoples Financial Services CORP. now owns 8,948 shares of the company’s stock valued at $730,000 after purchasing an additional 2,065 shares during the last quarter. Busey Trust CO raised its position in Philip Morris International by 4.4% in the third quarter. Busey Trust CO now owns 42,666 shares of the company’s stock valued at $3,479,000 after purchasing an additional 1,799 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Philip Morris International by 19.2% in the third quarter. Parkside Financial Bank & Trust now owns 7,932 shares of the company’s stock valued at $647,000 after purchasing an additional 1,278 shares during the last quarter. Pittenger & Anderson Inc. raised its position in Philip Morris International by 103.2% in the third quarter. Pittenger & Anderson Inc. now owns 7,875 shares of the company’s stock valued at $642,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Rathbone Brothers plc raised its position in Philip Morris International by 7.1% in the third quarter. Rathbone Brothers plc now owns 89,760 shares of the company’s stock valued at $7,319,000 after purchasing an additional 5,912 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of PM opened at $82.31 on Friday. Philip Morris International Inc. has a 1 year low of $76.21 and a 1 year high of $115.15. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of -2.76. The stock has a market cap of $126.75 billion, a PE ratio of 16.53, a P/E/G ratio of 1.81 and a beta of 0.79.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 19th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.18. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were given a dividend of $1.14 per share. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.54%. Philip Morris International’s dividend payout ratio (DPR) is 92.49%.
Several research firms have commented on PM. ValuEngine upgraded Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Monday, July 30th. Piper Jaffray Companies set a $99.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Wednesday. Societe Generale downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Wednesday, July 25th. Finally, JPMorgan Chase & Co. downgraded Philip Morris International from an “overweight” rating to a “neutral” rating in a research report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $98.00.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
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