Quadrant Capital Group LLC raised its position in shares of Philip Morris International Inc (NYSE:PM) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,195 shares of the company’s stock after buying an additional 482 shares during the period. Quadrant Capital Group LLC’s holdings in Philip Morris International were worth $783,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 2.6% in the second quarter. Vanguard Group Inc. now owns 99,323,022 shares of the company’s stock worth $10,103,138,000 after buying an additional 2,501,571 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Philip Morris International during the second quarter worth approximately $173,009,000. BlackRock Fund Advisors raised its stake in shares of Philip Morris International by 6.6% in the second quarter. BlackRock Fund Advisors now owns 25,591,100 shares of the company’s stock worth $2,603,127,000 after buying an additional 1,590,036 shares during the last quarter. Analytic Investors LLC raised its stake in shares of Philip Morris International by 661.4% in the second quarter. Analytic Investors LLC now owns 1,407,638 shares of the company’s stock worth $143,185,000 after buying an additional 1,222,768 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Philip Morris International by 31.1% in the second quarter. Teachers Advisors Inc. now owns 3,820,475 shares of the company’s stock worth $388,619,000 after buying an additional 907,170 shares during the last quarter. Institutional investors own 70.09% of the company’s stock.
Philip Morris International Inc (NYSE:PM) traded up 1.22% on Wednesday, hitting $93.49. The company had a trading volume of 5,236,822 shares. The stock has a 50 day moving average of $90.52 and a 200-day moving average of $96.01. The stock has a market capitalization of $145.04 billion, a PE ratio of 22.37 and a beta of 0.88. Philip Morris International Inc has a one year low of $84.46 and a one year high of $104.20.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.02. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The firm earned $6.98 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts anticipate that Philip Morris International Inc will post $4.50 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Thursday, December 22nd were paid a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $4.16 dividend on an annualized basis and a yield of 4.45%. Philip Morris International’s dividend payout ratio (DPR) is presently 99.52%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $102.00 price objective (down previously from $109.00) on shares of Philip Morris International in a report on Tuesday, January 10th. Bank of America Corporation cut Philip Morris International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $102.00 to $96.00 in a report on Wednesday, January 4th. Vetr cut Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $98.02 price objective on the stock. in a report on Monday, January 2nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $110.00 price objective on shares of Philip Morris International in a report on Wednesday, December 21st. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and an average price target of $103.47.
In other news, Director Jun Makihara acquired 2,000 shares of Philip Morris International stock in a transaction on Thursday, November 17th. The stock was purchased at an average price of $89.22 per share, with a total value of $178,440.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by company insiders.
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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