Squar Milner Financial Services LLC Raises Stock Position in Philip Morris International Inc. (NYSE:PM)

Squar Milner Financial Services LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,582 shares of the company’s stock after acquiring an additional 161 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Philip Morris International were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of PM. Montag A & Associates Inc. increased its holdings in Philip Morris International by 0.6% in the 1st quarter. Montag A & Associates Inc. now owns 18,782 shares of the company’s stock valued at $1,660,000 after acquiring an additional 120 shares during the last quarter. NBT Bank N A NY increased its holdings in Philip Morris International by 0.3% in the 1st quarter. NBT Bank N A NY now owns 41,531 shares of the company’s stock valued at $3,671,000 after acquiring an additional 120 shares during the last quarter. Brand Asset Management Group Inc. increased its holdings in Philip Morris International by 34.9% in the 2nd quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock valued at $37,000 after acquiring an additional 122 shares during the last quarter. OLD Point Trust & Financial Services N A increased its holdings in Philip Morris International by 0.8% in the 1st quarter. OLD Point Trust & Financial Services N A now owns 15,397 shares of the company’s stock valued at $1,361,000 after acquiring an additional 125 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in Philip Morris International by 4.1% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 3,283 shares of the company’s stock valued at $290,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 73.48% of the company’s stock.

In related news, insider Mario Masseroli sold 1,100 shares of Philip Morris International stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total transaction of $96,162.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael R. Kunst purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $79.66 per share, with a total value of $79,660.00. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Shares of Philip Morris International stock traded up $0.80 during trading hours on Tuesday, reaching $81.06. The company’s stock had a trading volume of 1,933,099 shares, compared to its average volume of 5,060,542. The business’s 50 day simple moving average is $81.80. Philip Morris International Inc. has a one year low of $64.67 and a one year high of $92.74. The stock has a market cap of $126.32 billion, a PE ratio of 15.89, a P/E/G ratio of 2.06 and a beta of 0.96.

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

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

A number of analysts have issued reports on PM shares. Wells Fargo & Co set a $102.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a report on Friday, July 19th. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Barclays upgraded shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $82.00 to $100.00 in a report on Friday, July 19th. Finally, Bank of America upgraded shares of Philip Morris International from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $81.00 to $94.00 in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $93.92.

Philip Morris International Profile

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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