Philip Morris International Inc. (PM) Shares Bought by Walter & Keenan Financial Consulting Co. MI ADV

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Walter & Keenan Financial Consulting Co. MI ADV grew its holdings in Philip Morris International Inc. (NYSE:PM) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,560 shares of the company’s stock after acquiring an additional 1,110 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Philip Morris International were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in PM. OLD National Bancorp IN increased its holdings in shares of Philip Morris International by 2.8% in the third quarter. OLD National Bancorp IN now owns 60,820 shares of the company’s stock worth $4,960,000 after purchasing an additional 1,632 shares during the last quarter. Conning Inc. increased its holdings in shares of Philip Morris International by 6.8% in the third quarter. Conning Inc. now owns 361,430 shares of the company’s stock worth $29,471,000 after purchasing an additional 23,140 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Philip Morris International by 1.2% in the third quarter. Oppenheimer & Co. Inc. now owns 131,493 shares of the company’s stock worth $10,722,000 after purchasing an additional 1,569 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Philip Morris International by 25.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 293,285 shares of the company’s stock worth $23,914,000 after purchasing an additional 60,394 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in shares of Philip Morris International in the third quarter worth about $3,221,000. Institutional investors and hedge funds own 72.92% of the company’s stock.

Shares of NYSE PM opened at $90.46 on Tuesday. Philip Morris International Inc. has a 1-year low of $76.21 and a 1-year high of $111.25. The company has a market cap of $138.35 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.04 and a beta of 0.79.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.16. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts predict that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $4.56 annualized dividend and a yield of 5.04%. Philip Morris International’s payout ratio is currently 92.49%.

Several equities research analysts have recently issued reports on the company. ValuEngine raised Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Societe Generale set a $95.00 target price on Philip Morris International and gave the stock a “hold” rating in a report on Monday, October 22nd. Stifel Nicolaus reduced their target price on Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, July 20th. Finally, JPMorgan Chase & Co. cut Philip Morris International from an “overweight” rating to a “neutral” rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Philip Morris International presently has an average rating of “Buy” and an average price target of $98.08.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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