Philip Morris International Inc (NYSE:PM).
Vontobel Asset Management Inc sold 112,344 shares in quarter ending 06/30/2017 decreasing its holdings in Philip Morris International Inc by 2.5%. Its investment was worth $513,965,000 an increase of 0.3% according to the filing.
Other firms have also shifted positions in (PM). As of quarter end Gateway Investment Advisers LLC had disposed of 4,479 shares trimming its holdings by 0.5%. The value of the investment in PM increased from $97,679,000 to $101,090,000 a change of 3.5% for the reporting period. As of the end of the quarter Pennsylvania Trust Co had bought a total of 7,920 shares growing its position 22.1%. The value of the company’s investment in Philip Morris International Inc went from $4,048,000 to $5,151,000 increasing 27.2% quarter to quarter.
Narwhal Capital Management reduced its position by shedding 9,420 shares a decrease of 21.6% in the quarter. Narwhal Capital Management now controls 34,290 shares with a value of $4,027,000. The value of the position overall is down by 18.4%.
July 10 investment analysts at Bank of America made no change to the company rating of “Neutral” but raised the price expectation to $124.00 from $110.00. Equity analyst PiperJaffray initiated coverage on the stock setting a rating of “Overweight”.
On November 14, 2016 the stock rating was set at “Buy” by CLSA a boost from the previous “Outperform” rating. On October 3 Goldman Sachs held the company rating at “Buy” but moved up the price target from $114.00 to $116.00.
On September 13, 2016 Citigroup started covering PM by announcing an initial rating of “Neutral” and setting a price target of $106.00. On September 12 the stock rating was upgraded to “Buy” from “Neutral” and a price target of $114.00 was set in a report from Goldman Sachs.
The company is now up by 0.96 percent from yesterday’s close. Philip Morris International Inc also recently declared a dividend paid on Tuesday July 11th, 2017. The dividend was $1.040 per share for the quarter which comes to $4.16 on an annualized basis. This dividend amount was represent a yeild of $3.53. The ex-dividend date was Wednesday the 21st of June 2017.
The stock last traded at $118.34 slightly below the 50 day moving average which is $118.52 and a tad higher than the 200 day moving average of $107.63. The 50 day moving average moved down $-0.37 and the 200 day average went up by +9.78%.
The P/E ratio is 26.15 and the market value is 183.50B. As of the last earnings report the EPS was $4.52 and is expected to be $4.90 for the current year with 1,553,143,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.39 with next year’s EPS projected to be $5.47.Advertisement