Today: The Diversified Trust Co reaches $7,251,000 position of Philip Morris International Inc. (PM)

The Diversified Trust Co reaches $7,251,000 position  of Philip Morris International Inc. (PM)

Diversified Trust Co cut its stake in Philip Morris International Inc. (NYSE:PM) by 33.3% during the second quarter, Holdings Channel reports. The institutional investor owned 71,287 shares of the company’s stock after selling 35,621 shares during the period. Philip Morris International accounts for approximately 0.8% of Diversified Trust Co’s portfolio, making the stock its 13th largest position. Diversified Trust Co’s holdings in Philip Morris International were worth $7,251,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Wade G W & Inc. raised its position in shares of Philip Morris International by 16.9% in the first quarter. Wade G W & Inc. now owns 9,412 shares of the company’s stock valued at $923,000 after buying an additional 1,362 shares in the last quarter. Chesley Taft & Associates LLC raised its position in shares of Philip Morris International by 0.4% in the first quarter. Chesley Taft & Associates LLC now owns 122,724 shares of the company’s stock valued at $12,040,000 after buying an additional 515 shares in the last quarter. IMS Capital Management raised its position in shares of Philip Morris International by 4.3% in the first quarter. IMS Capital Management now owns 4,850 shares of the company’s stock valued at $476,000 after buying an additional 198 shares in the last quarter. Douglas Lane & Associates LLC bought a new position in shares of Philip Morris International during the first quarter valued at approximately $1,275,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Philip Morris International during the first quarter valued at approximately $774,000. Hedge funds and other institutional investors own 71.22% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.40% on Friday, reaching $96.02. 4,056,337 shares of the company’s stock 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 market capitalization of $148.96 billion, a PE ratio of 22.97 and a beta of 0.95. The company has a 50 day moving average of $99.37 and a 200-day moving average of $99.71.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. Equities research analysts forecast that Philip Morris International Inc. will post $4.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, September 28th will be given a dividend of $1.04 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.02. This represents a $4.16 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, September 26th. Philip Morris International’s payout ratio is presently 99.52%.

Several equities analysts have recently commented on the stock. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $105.00 price objective (up from $99.00) on shares of Philip Morris International in a report on Friday, July 15th. Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Credit Agricole SA reiterated an “outperform” rating on shares of Philip Morris International in a report on Sunday, September 25th. Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 target price on the stock in a report on Monday, June 20th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and set a $115.00 target price on shares of Philip Morris International in a report on Thursday, September 22nd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price 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.

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