Todays Report: The Courier Capital Corp Sold shares of Philip Morris International Inc. (PM)

The Courier Capital Corp Sold shares of Philip Morris International Inc. (PM)

Courier Capital Corp reduced its position in Philip Morris International Inc. (NYSE:PM) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,159 shares of the company’s stock after selling 144 shares during the period. Courier Capital Corp’s holdings in Philip Morris International were worth $525,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Badgley Phelps & Bell Inc. raised its position in shares of Philip Morris International by 20.4% in the second quarter. Badgley Phelps & Bell Inc. now owns 2,918 shares of the company’s stock worth $297,000 after buying an additional 495 shares in the last quarter. Ngam Advisors L.P. raised its position in shares of Philip Morris International by 6.4% in the second quarter. Ngam Advisors L.P. now owns 292,270 shares of the company’s stock worth $29,729,000 after buying an additional 17,707 shares in the last quarter. Shelton Capital Management raised its position in shares of Philip Morris International by 5.1% in the second quarter. Shelton Capital Management now owns 16,061 shares of the company’s stock worth $1,634,000 after buying an additional 783 shares in the last quarter. BTC Capital Management Inc. raised its position in shares of Philip Morris International by 11.7% in the second quarter. BTC Capital Management Inc. now owns 2,860 shares of the company’s stock worth $291,000 after buying an additional 300 shares in the last quarter. Finally, BB&T Corp raised its position in shares of Philip Morris International by 2.8% in the second quarter. BB&T Corp now owns 276,699 shares of the company’s stock worth $28,146,000 after buying an additional 7,636 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Inc. (NYSE:PM) traded up 0.55% on Friday, reaching $96.31. 4,146,986 shares of the company’s stock were exchanged. The stock has a market cap of $149.41 billion, a price-to-earnings ratio of 23.04 and a beta of 0.95. Philip Morris International Inc. has a one year low of $83.27 and a one year high of $104.20. The firm has a 50 day moving average of $97.54 and a 200-day moving average of $99.38.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.02. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The business earned $6.98 billion during the quarter, compared to analyst estimates of $7.01 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts forecast that Philip Morris International Inc. will post $4.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Wednesday, September 28th were given a dividend of $1.04 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, September 26th. This represents a $4.16 annualized dividend and a dividend yield of 4.32%. Philip Morris International’s payout ratio is presently 99.52%.

A number of equities analysts recently weighed in on PM shares. Goldman Sachs Group Inc. restated a “buy” rating and set a $116.00 target price (up previously from $114.00) on shares of Philip Morris International in a research report on Monday, October 3rd. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Wednesday, October 5th. Morgan Stanley restated an “overweight” rating and set a $110.00 target price on shares of Philip Morris International in a research report on Tuesday, September 27th. Citigroup Inc. restated a “neutral” rating and set a $106.00 target price on shares of Philip Morris International in a research report on Monday, September 26th. Finally, Credit Agricole SA restated an “outperform” rating on shares of Philip Morris International in a research report on Sunday, September 25th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $105.88.

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.

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