Philip Morris International Inc (NYSE:PM).
Vontobel Asset Management Inc sold 112,344 shares in the previous quarter decreasing its stake in Philip Morris International Inc (PM) by 2.5%. Its investment stood at $513,965,000 an increase of 0.3% as of the end of the quarter.
Here are some other firms who have updated their holdings. As of the end of the quarter Gateway Investment Advisers LLC had disposed of a total of 4,479 shares trimming its stake by 0.5%. The value of the total investment in Philip Morris International Inc went from $97,679,000 to $101,090,000 a change of 3.5% since the last quarter. Pennsylvania Trust Co added to its investment by buying 7,920 shares an increase of 22.1% from 03/31/2017 to 06/30/2017. Pennsylvania Trust Co owns 43,773 shares with a value of $5,151,000. The total value of its holdings increased 27.2%.
As of quarter end Narwhal Capital Management had sold 9,420 shares trimming its holdings by 21.6%. The value of the investment in PM decreased from $4,935,000 to $4,027,000 a change of $908,000 quarter to quarter.
July 10 investment analysts at Bank of America left the stock rating at “Neutral” but raised the price target to $124.00 from $110.00. PiperJaffray starting coverage on the stock setting a rating of “Overweight”.
On November 14, 2016 the stock rating was rated “Buy” by CLSA a boost from the previous “Outperform” rating. On October 3 Goldman Sachs held the company rating at “Buy” and raised the price target from $114.00 to $116.00.
On September 13, 2016 Citigroup initiated coverage by announcing an initial rating of “Neutral” and setting a price target of $106.00. On September 12 the stock rating was upgraded from “Neutral” to “Buy” with a current price target of $114.00 by Goldman Sachs.
The company is trading up by 0.96 percent from yesterday’s close. Additionally the company recently announced a dividend for shareholders that was paid on Tue Jul 11, 2017. The dividend payment 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 set for Wednesday the 21st of June 2017.
Shares of the company are trading at $118.34 which is a tad under $118.52, the 50 day moving average and barely above the 200 day moving average of $107.63. The 50 day moving average was down by -0.336% whereas the 200 day moving average was up $10.50 or +9.753%.
Philip Morris International Inc’s P/E ratio is 26.145 and the market cap of the company is 183.47B. As of the latest earnings report the EPS was $4.52 and is projected to be $4.90 for the current year with 1,553,143,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.39 with next year’s EPS anticipated to be $5.47.