Proffitt & Goodson Inc. grew its position in Philip Morris International Inc. (NYSE:PM) by 559.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,319 shares of the company’s stock after buying an additional 1,119 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Philip Morris International were worth $117,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of PM. Federated Investors Inc. PA raised its stake in shares of Philip Morris International by 0.5% during the 3rd quarter. Federated Investors Inc. PA now owns 9,427,919 shares of the company’s stock worth $768,753,000 after buying an additional 47,889 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Philip Morris International by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock worth $9,694,325,000 after buying an additional 1,516,211 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Philip Morris International by 4.7% during the 4th quarter. Moody National Bank Trust Division now owns 22,487 shares of the company’s stock worth $1,501,000 after buying an additional 1,002 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Philip Morris International by 0.8% in the 4th quarter. Gulf International Bank UK Ltd now owns 30,545 shares of the company’s stock worth $2,039,000 after acquiring an additional 250 shares during the period. Finally, Lynch & Associates IN grew its holdings in shares of Philip Morris International by 3.7% in the 4th quarter. Lynch & Associates IN now owns 15,437 shares of the company’s stock worth $1,031,000 after acquiring an additional 551 shares during the period. Institutional investors own 73.51% of the company’s stock.
In related news, VP Michael R. Kunst bought 2,500 shares of the stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $84.67 per share, for a total transaction of $211,675.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andre Calantzopoulos sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was 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 in the company, valued at approximately $71,613,808.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,200 shares of company stock worth $10,186,984. 0.21% of the stock is owned by insiders.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.76 billion. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. Philip Morris International’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 5.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.
A number of equities research analysts recently weighed in on the company. Citigroup upped their price target on Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, March 25th. ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Bank of America restated a “sell” rating and issued a $74.00 price target on shares of Philip Morris International in a report on Tuesday, March 26th. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $86.00 to $101.00 in a report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $91.85.
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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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