April 23, 2017

Has $153.935 Million Stake in Philip Morris International Inc. (PM)

21 April 2017, 02:36 | Austin Hogan

Image source Philip Morris International

Tobacco workers in a field

YHB Investment Advisors Inc. now owns 4,062 shares of the company's stock worth $395,000 after buying an additional 15 shares during the last quarter. The S&P 500's gain of 0.76% left it at 2355.85 for the day, and above its pivotal 20-day moving average line.

For its first fiscal quarter of 2017, eBay earned 49 cents per share on sales of $2.21 billion.

Other large investors have also recently bought and sold shares of the company. Finally, Greenleaf Trust boosted its stake in shares of Philip Morris International by 43.1% in the third quarter. Vantage Investment Advisors LLC increased its position in shares of Philip Morris International by 1.6% in the third quarter. Following the completion of the transaction, the chief executive officer now directly owns 787,671 shares of the company's stock, valued at $80,854,428.15. Institutional investors and hedge funds own 71.65% of the company's stock.

Foundry Partners LLC cut its position in Philip Morris International Inc. During the same period past year, the company posted $0.98 earnings per share. BlackRock Inc is the second biggest holder with 89 million shares now valued at 9.76 B million whilst Capital Research Global Investors has 74 million shares valued at 6.74 B million. The stock had previously closed at $118.67, but opened at $113.91. Philip Morris International has a 12 month low of $86.78 and a 12 month high of $115.63.

Philip Morris shareholders were nervous about the news, and that's a big part of why the stock fell almost 4% during the trading session following the morning announcement.

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The company has a market capitalization of $170.62 billion, a PE ratio of 24.55 and a beta of 0.94.

Investors have been optimistic about Philip Morris International (NYSE: PM) lately, believing that the tobacco giant would be able to balance its hopes for a future in which reduced-risk products replace traditional cigarettes with the harsh reality of needing to rely on cigarette sales for years to come. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%. Excluding excise taxes, revenue fell less than a percentage point to $6.06 billion. "We are fully on track to deliver our full-year EPS guidance, driven by robust pricing and accelerating IQOS volume growth". During the same quarter past year, the business posted $0.98 EPS.

As the earnings date approaches, we can see that insider ownership is now 0.20% shares, and institutional ownership is at 72.60% for Philip Morris International Inc. Shareholders of record on Thursday, March 23rd were paid a $1.04 dividend. The ex-dividend date was Tuesday, March 21st. That translates to a dividend yield of 3.63% at Wednesday's closing price. Philip Morris International's dividend payout ratio (DPR) is 92.86%.

A number of analysts recently weighed in on PM shares. Jefferies Group LLC set a $111.00 target price on shares of Philip Morris International and gave the company a "hold" rating in a report on Wednesday. Zacks Investment Research upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating and set a $126.00 price target for the company in a research report on Wednesday, March 29th. Goldman Sachs Group Inc restated a "buy" rating and issued a $102.00 price target (down from $109.00) on shares of Philip Morris International in a research report on Tuesday, January 10th.

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