Philip Morris International Inc. (PM) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 13.7% in the third quarter, HoldingsChannel reports. The firm owned 23,355 shares of the company’s stock after selling 3,704 shares during the quarter. Todd Asset Management LLC’s holdings in Philip Morris International were worth $2,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guidant Wealth Advisors grew its stake in Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares during the last quarter. Vantage Investment Advisors LLC grew its stake in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares during the last quarter. Acropolis Investment Management LLC grew its stake in Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Philip Morris International by 13.9% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock valued at $144,000 after acquiring an additional 150 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Philip Morris International in the 2nd quarter valued at about $145,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Shares of Philip Morris International Inc. (PM) opened at $104.89 on Wednesday. Philip Morris International Inc. has a 12 month low of $89.97 and a 12 month high of $123.55. The stock has a market cap of $162,920.00, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.88 and a beta of 0.89. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the business posted $1.25 earnings per share. Philip Morris International’s revenue was up 7.4% on a year-over-year basis. sell-side analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be given a $1.07 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.08%. Philip Morris International’s dividend payout ratio is presently 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by company insiders.

PM has been the topic of several analyst reports. Piper Jaffray Companies set a $130.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Jefferies Group decreased their price target on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Bank of America decreased their price target on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $124.23.

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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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