Trexquant Investment LP purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,994 shares of the company’s stock, valued at approximately $1,887,000. Philip Morris International accounts for 0.5% of Trexquant Investment LP’s investment portfolio, making the stock its 19th biggest position.
A number of other hedge funds and other institutional investors also recently modified their holdings of PM. CenturyLink Investment Management Co boosted its position in shares of Philip Morris International by 100.4% during the 2nd quarter. CenturyLink Investment Management Co now owns 12,465 shares of the company’s stock worth $1,464,000 after acquiring an additional 6,246 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Philip Morris International by 21.3% during the 2nd quarter. GW&K Investment Management LLC now owns 406,799 shares of the company’s stock worth $47,779,000 after acquiring an additional 71,357 shares in the last quarter. First Financial Bank Trust Division boosted its position in shares of Philip Morris International by 2.3% during the 2nd quarter. First Financial Bank Trust Division now owns 10,768 shares of the company’s stock worth $1,265,000 after acquiring an additional 242 shares in the last quarter. Pennsylvania Trust Co boosted its position in shares of Philip Morris International by 22.1% during the 2nd quarter. Pennsylvania Trust Co now owns 43,773 shares of the company’s stock worth $5,151,000 after acquiring an additional 7,920 shares in the last quarter. Finally, Stokes & Hubbell Capital Management LLC boosted its position in shares of Philip Morris International by 10.1% during the 2nd quarter. Stokes & Hubbell Capital Management LLC now owns 53,125 shares of the company’s stock worth $6,240,000 after acquiring an additional 4,856 shares in the last quarter. Institutional investors own 72.35% of the company’s stock.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. research analysts anticipate that Philip Morris International Inc. will post 4.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.93%. Philip Morris International’s payout ratio is 94.48%.
Several research firms have recently issued reports on PM. Citigroup lowered their price objective on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. Jefferies Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. Piper Jaffray Companies reissued an “overweight” rating and issued a $137.00 target price (up from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Cowen reissued a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Goldman Sachs Group began coverage on Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Philip Morris International presently has a consensus rating of “Buy” and an average target price of $125.31.
Philip Morris International Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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