Academy Capital Management Inc. TX cut its position in Philip Morris International Inc. (NYSE:PM) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,541 shares of the company’s stock after selling 2,792 shares during the quarter. Philip Morris International comprises about 4.8% of Academy Capital Management Inc. TX’s portfolio, making the stock its 5th biggest holding. Academy Capital Management Inc. TX’s holdings in Philip Morris International were worth $19,124,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. raised its holdings in Philip Morris International by 90.7% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock valued at $101,000 after acquiring an additional 592 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in Philip Morris International in the 2nd quarter valued at $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Philip Morris International in the 2nd quarter valued at $108,000. Cordasco Financial Network raised its holdings in Philip Morris International by 214.1% in the 2nd quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock valued at $110,000 after acquiring an additional 925 shares in the last quarter. Finally, BerganKDV Wealth Management LLC acquired a new position in Philip Morris International in the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 72.76% of the company’s stock.
Philip Morris International stock opened at $89.55 on Tuesday. Philip Morris International Inc. has a 52 week low of $76.21 and a 52 week high of $111.25. The firm has a market cap of $137.96 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 2.03 and a beta of 0.58.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. Philip Morris International’s revenue was up .4% on a year-over-year basis. Research analysts expect that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.09%. Philip Morris International’s dividend payout ratio (DPR) is currently 92.49%.
Several equities analysts have weighed in on PM shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Philip Morris International in a report on Friday, July 13th. Morgan Stanley dropped their price objective on Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, July 17th. Cowen cut Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 price objective for the company. in a report on Friday, July 20th. Citigroup set a $90.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Friday, July 20th. Finally, Stifel Nicolaus dropped their price objective on Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a report on Friday, July 20th. One investment 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’s stock. The stock has an average rating of “Buy” and an average target price of $98.08.
Philip Morris International Company 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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