Dubuque Bank & Trust Co. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 52.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 987 shares of the company’s stock after selling 1,093 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Philip Morris International were worth $88,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Essex Investment Management Co. LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $27,000. Transamerica Financial Advisors Inc. raised its holdings in shares of Philip Morris International by 552.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock valued at $32,000 after purchasing an additional 398 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $37,000. Claybrook Capital LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $39,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 73.53% of the company’s stock.
A number of research analysts recently commented on the stock. Piper Jaffray Companies set a $100.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, February 8th. UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and increased their target price for the company from $86.00 to $101.00 in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Thursday, February 14th. Citigroup increased their target price on shares of Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $92.43.
Shares of Philip Morris International stock opened at $86.21 on Wednesday. Philip Morris International Inc. has a 1 year low of $64.67 and a 1 year high of $103.55. The firm has a market cap of $134.09 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.95.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.46 billion. During the same period last year, the firm posted $1.32 EPS. Philip Morris International’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Philip Morris International Inc. will post 5.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.29%. The ex-dividend date was Monday, March 25th. Philip Morris International’s payout ratio is currently 89.41%.
In other news, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the sale, the chief executive officer now owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.
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About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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