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21 April 2017, 02:36 | Austin Hogan
Image source Philip Morris International
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.
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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