Enterprise Financial Services Corp Grows Holdings in Philip Morris International Inc (PM)

Enterprise Financial Services Corp grew its position in shares of Philip Morris International Inc (NYSE:PM) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,409 shares of the company’s stock after purchasing an additional 494 shares during the period. Enterprise Financial Services Corp’s holdings in Philip Morris International were worth $870,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Philip Morris International by 1.8% during the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after purchasing an additional 1,058,408 shares in the last quarter. Legal & General Group Plc lifted its stake in Philip Morris International by 3.9% during the first quarter. Legal & General Group Plc now owns 7,211,588 shares of the company’s stock worth $814,358,000 after purchasing an additional 268,119 shares in the last quarter. Swiss National Bank lifted its stake in Philip Morris International by 26.2% during the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after purchasing an additional 1,189,800 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Philip Morris International by 4.9% during the first quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock worth $604,524,000 after purchasing an additional 251,734 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Philip Morris International by 4.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,064,097 shares of the company’s stock worth $571,737,000 after purchasing an additional 218,999 shares in the last quarter. Institutional investors own 72.00% of the company’s stock.

A number of research analysts have commented on PM shares. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. BidaskClub cut Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target on the stock. in a research note on Monday, June 19th. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target on the stock in a research note on Thursday, September 28th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $126.23.

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In related news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

Philip Morris International Inc (NYSE:PM) opened at 115.17 on Wednesday. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market cap of $178.88 billion, a price-to-earnings ratio of 25.52 and a beta of 0.93. The company has a 50-day moving average price of $114.71 and a 200 day moving average price of $115.78.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the firm earned $1.15 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc will post $4.83 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be paid a dividend of $1.07 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $4.28 annualized dividend and a yield of 3.72%. Philip Morris International’s payout ratio is 94.90%.

About Philip Morris International

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

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