D.B. Root & Company LLC Acquires 700 Shares of Philip Morris International Inc. (PM)

D.B. Root & Company LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,871 shares of the company’s stock after buying an additional 700 shares during the period. D.B. Root & Company LLC’s holdings in Philip Morris International were worth $968,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flossbach Von Storch AG lifted its position in Philip Morris International by 11.1% during the third quarter. Flossbach Von Storch AG now owns 15,785,256 shares of the company’s stock valued at $1,287,130,000 after purchasing an additional 1,572,560 shares during the period. Icon Advisers Inc. Co. lifted its position in Philip Morris International by 250.0% during the third quarter. Icon Advisers Inc. Co. now owns 23,100 shares of the company’s stock valued at $1,884,000 after purchasing an additional 16,500 shares during the period. Pendal Group Ltd lifted its position in Philip Morris International by 40.3% during the third quarter. Pendal Group Ltd now owns 1,597,368 shares of the company’s stock valued at $130,249,000 after purchasing an additional 459,175 shares during the period. Warren Averett Asset Management LLC lifted its position in Philip Morris International by 11.9% during the third quarter. Warren Averett Asset Management LLC now owns 8,918 shares of the company’s stock valued at $727,000 after purchasing an additional 946 shares during the period. Finally, Gulf International Bank UK Ltd lifted its position in Philip Morris International by 2.0% during the third quarter. Gulf International Bank UK Ltd now owns 30,295 shares of the company’s stock valued at $2,470,000 after purchasing an additional 583 shares during the period. Hedge funds and other institutional investors own 72.76% of the company’s stock.

PM opened at $89.18 on Friday. Philip Morris International Inc. has a 1-year low of $76.21 and a 1-year high of $111.25. The company has a market capitalization of $138.00 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.03 and a beta of 0.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period last year, the firm earned $1.27 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts predict that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were given a $1.14 dividend. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 annualized dividend and a yield of 5.11%. Philip Morris International’s payout ratio is presently 92.49%.

A number of brokerages recently weighed in on PM. Citigroup set a $90.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 20th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Stifel Nicolaus lowered their price objective on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Cowen downgraded shares of Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 price objective on the stock. in a research report on Friday, July 20th. Finally, JPMorgan Chase & Co. downgraded shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.08.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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