The Markston International LLC Sold shares of Philip Morris International Inc. (PM)

The Markston International LLC Sold shares of Philip Morris International Inc. (PM)

Markston International LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,757 shares of the company’s stock after selling 9,346 shares during the period. Markston International LLC’s holdings in Philip Morris International were worth $6,485,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Acropolis Investment Management LLC increased its position in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock valued at $107,000 after buying an additional 5 shares during the period. FNY Managed Accounts LLC increased its position in shares of Philip Morris International by 257.1% in the second quarter. FNY Managed Accounts LLC now owns 1,250 shares of the company’s stock valued at $127,000 after buying an additional 900 shares during the period. RKL Wealth Management LLC purchased a new position in shares of Philip Morris International during the second quarter valued at about $179,000. CWM LLC increased its position in shares of Philip Morris International by 349.2% in the second quarter. CWM LLC now owns 1,770 shares of the company’s stock valued at $180,000 after buying an additional 1,376 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in shares of Philip Morris International during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 71.22% of the company’s stock.

Philip Morris International Inc. (NYSE:PM) traded up 0.11% during mid-day trading on Thursday, reaching $96.20. The company’s stock had a trading volume of 4,767,600 shares. The stock’s 50 day moving average is $99.01 and its 200 day moving average is $99.69. The company has a market cap of $149.24 billion, a price-to-earnings ratio of 23.01 and a beta of 0.95. Philip Morris International Inc. has a 12 month low of $83.27 and a 12 month high of $104.20.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.05. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. Equities research analysts predict that Philip Morris International Inc. will post $4.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Wednesday, September 28th will be paid a dividend of $1.04 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.02. This represents a $4.16 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, September 26th. Philip Morris International’s dividend payout ratio is currently 99.52%.

PM has been the subject of several analyst reports. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Wells Fargo & Co. reissued an “outperform” rating and set a $115.00 price target on shares of Philip Morris International in a report on Thursday, September 22nd. Goldman Sachs Group Inc. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $106.00 to $114.00 in a report on Monday, September 12th. Jefferies Group set a $99.00 price target on shares of Philip Morris International and gave the company a “hold” rating in a report on Wednesday, October 5th. Finally, Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, September 13th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $104.82.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

Related posts

Leave a Comment