Royal Bank of Scotland Group PLC Has $709,000 Position in Philip Morris International Inc. (NYSE:PM)

Royal Bank of Scotland Group PLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 69.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,023 shares of the company’s stock after purchasing an additional 3,693 shares during the quarter. Royal Bank of Scotland Group PLC’s holdings in Philip Morris International were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Squar Milner Financial Services LLC raised its stake in shares of Philip Morris International by 6.7% during the 2nd quarter. Squar Milner Financial Services LLC now owns 2,582 shares of the company’s stock worth $203,000 after purchasing an additional 161 shares during the period. RNC Capital Management LLC raised its stake in shares of Philip Morris International by 0.8% during the 2nd quarter. RNC Capital Management LLC now owns 353,069 shares of the company’s stock worth $27,727,000 after purchasing an additional 2,693 shares during the period. HCR Wealth Advisors raised its stake in shares of Philip Morris International by 4.0% during the 2nd quarter. HCR Wealth Advisors now owns 5,386 shares of the company’s stock worth $423,000 after purchasing an additional 207 shares during the period. Manning & Napier Group LLC raised its stake in shares of Philip Morris International by 10.8% during the 2nd quarter. Manning & Napier Group LLC now owns 382,250 shares of the company’s stock worth $30,017,000 after purchasing an additional 37,400 shares during the period. Finally, Artemis Investment Management LLP raised its stake in Philip Morris International by 1,340.8% in the 2nd quarter. Artemis Investment Management LLP now owns 70,497 shares of the company’s stock valued at $5,529,000 after acquiring an additional 65,604 shares during the period. 73.48% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the company. ValuEngine cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Thursday. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Barclays upgraded Philip Morris International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $82.00 to $100.00 in a research note on Friday, July 19th. Wells Fargo & Co set a $102.00 price objective on Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $93.92.

Shares of NYSE PM traded down $3.24 during midday trading on Monday, hitting $80.93. 187,594 shares of the company’s stock were exchanged, compared to its average volume of 4,926,347. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $92.74. The stock has a market capitalization of $129.97 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. The firm has a fifty day moving average price of $81.44.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.13. The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.42 billion. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. Philip Morris International’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Research analysts anticipate that Philip Morris International Inc. will post 5.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.63%. The ex-dividend date was Thursday, June 20th. Philip Morris International’s dividend payout ratio is currently 89.41%.

In other news, VP Michael R. Kunst bought 1,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $79.66 per share, with a total value of $79,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mario Masseroli sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $87.42, for a total value of $96,162.00. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

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

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