Frontier Investment Mgmt Co. bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,279 shares of the company’s stock, valued at approximately $268,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guidant Wealth Advisors boosted its position in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares in the last quarter. Vantage Investment Advisors LLC boosted its position in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares in the last quarter. Acropolis Investment Management LLC boosted its position in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Philip Morris International by 13.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after purchasing an additional 150 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Philip Morris International during the second quarter worth $145,000. Institutional investors own 72.63% of the company’s stock.
PM has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Saturday, August 19th. Cowen reiterated a “buy” rating and set a $135.00 target price on shares of Philip Morris International in a research report on Tuesday, August 22nd. Jefferies Group reiterated a “hold” rating and set a $120.00 target price (down from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price on the stock in a research report on Thursday, September 28th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $140.00 price target on shares of Philip Morris International in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Philip Morris International currently has an average rating of “Hold” and an average price target of $124.23.
In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Philip Morris International Inc. (PM) opened at $109.68 on Friday. Philip Morris International Inc. has a 1-year low of $88.90 and a 1-year high of $123.55. The firm has a market capitalization of $170,355.31, a price-to-earnings ratio of 24.43, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. equities research analysts anticipate that Philip Morris International Inc. will post 4.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 annualized dividend and a yield of 3.90%. Philip Morris International’s payout ratio is currently 94.48%.
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Philip Morris International Company 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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