IFG Advisory LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 35.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,690 shares of the company’s stock after acquiring an additional 3,604 shares during the period. IFG Advisory LLC’s holdings in Philip Morris International were worth $1,116,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Shine Investment Advisory Services Inc. boosted its holdings in Philip Morris International by 90.7% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after buying an additional 592 shares during the last quarter. Landaas & Co. WI ADV acquired a new stake in Philip Morris International in the 2nd quarter worth about $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Philip Morris International in the 2nd quarter worth about $108,000. BerganKDV Wealth Management LLC acquired a new stake in Philip Morris International in the 2nd quarter worth about $123,000. Finally, Norway Savings Bank boosted its holdings in Philip Morris International by 337.5% in the 2nd quarter. Norway Savings Bank now owns 1,750 shares of the company’s stock worth $141,000 after buying an additional 1,350 shares during the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.
PM opened at $89.18 on Friday. Philip Morris International Inc. has a 1-year low of $76.21 and a 1-year high of $111.25. The company has a market capitalization of $138.46 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 2.04 and a beta of 0.58.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the company posted $1.27 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, sell-side analysts predict that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Tuesday, September 25th. Philip Morris International’s dividend payout ratio (DPR) is 92.49%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Societe Generale set a $95.00 price objective on Philip Morris International and gave the stock a “hold” rating in a report on Monday, October 22nd. Citigroup lifted their price objective on Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 19th. ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Sanford C. Bernstein assumed coverage on Philip Morris International in a report on Tuesday, October 16th. They issued an “outperform” rating and a $97.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $98.08.
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About Philip Morris International
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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