The Ramsay Stattman Vela & Price Inc. Holds Position in Philip Morris International Inc. (PM)

The Ramsay Stattman Vela & Price Inc. Holds Position in Philip Morris International Inc. (PM)

Ramsay Stattman Vela & Price Inc. continued to hold its stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,525 shares of the company’s stock at the end of the second quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Philip Morris International were worth $257,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in PM. State Street Corp increased its stake in shares of Philip Morris International by 3.3% in the first quarter. State Street Corp now owns 57,800,062 shares of the company’s stock valued at $5,670,770,000 after buying an additional 1,821,500 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Philip Morris International by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 38,874,546 shares of the company’s stock valued at $3,813,982,000 after buying an additional 515,624 shares during the period. Geode Capital Management LLC increased its stake in shares of Philip Morris International by 2.3% in the first quarter. Geode Capital Management LLC now owns 12,641,394 shares of the company’s stock valued at $1,237,748,000 after buying an additional 288,621 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Philip Morris International by 16.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,939,086 shares of the company’s stock valued at $778,904,000 after buying an additional 1,111,511 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Philip Morris International by 2.7% in the first quarter. Royal Bank of Canada now owns 5,273,883 shares of the company’s stock valued at $517,421,000 after buying an additional 140,669 shares during the period. 71.22% of the stock is currently owned by institutional investors.

Philip Morris International Inc. (NYSE:PM) traded up 0.60% on Wednesday, reaching $96.09. 4,007,481 shares of the company traded hands. Philip Morris International Inc. has a 52-week low of $83.27 and a 52-week high of $104.20. The stock has a 50-day moving average price of $99.13 and a 200-day moving average price of $99.71. The firm has a market cap of $149.07 billion, a P/E ratio of 22.99 and a beta of 0.95.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Wednesday, September 28th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Monday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s dividend payout ratio (DPR) is 99.52%.

Several analysts have issued reports on PM shares. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Philip Morris International in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $106.00 to $114.00 in a research note on Monday, September 12th. Jefferies Group set a $99.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a research note 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 on the stock in a research note on Tuesday, September 13th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $104.82.

About Philip Morris International

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.

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