Miramar Capital LLC Has $329,000 Stake in Philip Morris International Inc. (NYSE:PM)

Miramar Capital LLC reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,027 shares of the company’s stock after selling 950 shares during the quarter. Miramar Capital LLC’s holdings in Philip Morris International were worth $329,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Philip Morris International by 1.0% in the second quarter. Vanguard Group Inc. now owns 125,492,442 shares of the company’s stock valued at $9,854,922,000 after purchasing an additional 1,295,745 shares during the last quarter. BlackRock Inc. grew its position in shares of Philip Morris International by 5.1% in the second quarter. BlackRock Inc. now owns 100,831,956 shares of the company’s stock valued at $7,918,335,000 after purchasing an additional 4,879,296 shares during the last quarter. Morgan Stanley grew its position in shares of Philip Morris International by 16.9% in the second quarter. Morgan Stanley now owns 34,485,714 shares of the company’s stock valued at $2,708,164,000 after purchasing an additional 4,998,070 shares during the last quarter. Invesco Ltd. grew its position in shares of Philip Morris International by 41.5% in the second quarter. Invesco Ltd. now owns 30,080,523 shares of the company’s stock valued at $2,362,224,000 after purchasing an additional 8,824,567 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Philip Morris International by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 16,736,970 shares of the company’s stock valued at $1,314,354,000 after purchasing an additional 358,545 shares during the last quarter. 74.16% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on PM shares. Morgan Stanley lowered their price target on Philip Morris International from $94.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Bank of America raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, October 1st. Credit Suisse Group set a $80.00 price target on Philip Morris International and gave the company a “sell” rating in a research report on Wednesday, August 28th. Citigroup lowered their price target on Philip Morris International from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Philip Morris International in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $92.50.

Shares of NYSE PM traded down $0.44 during mid-day trading on Tuesday, hitting $81.36. The company had a trading volume of 162,583 shares, compared to its average volume of 6,633,457. The business’s 50-day simple moving average is $75.36 and its 200-day simple moving average is $80.62. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $92.74. The firm has a market cap of $125.32 billion, a P/E ratio of 15.94, a PEG ratio of 1.96 and a beta of 1.00.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 17th. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.08. Philip Morris International had a net margin of 9.59% and a negative return on equity of 82.33%. The business had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter last year, the company earned $1.44 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. Analysts anticipate that Philip Morris International Inc. will post 5.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Wednesday, September 25th were paid a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 5.75%. The ex-dividend date was Tuesday, September 24th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.14. Philip Morris International’s dividend payout ratio (DPR) is presently 91.76%.

Philip Morris International Company 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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