Gradient Investments LLC now owns 986 shares of the company's stock worth $111,000 after buying an additional 426 shares during the last quarter. While looking the figure depicted by the Price to Earning we can suggest that the shares of Philip Morris International, Inc.
The New York City-based tobacco giant reported Q2 earnings per share (EPS) of $1.14, which was $0.09 worse than the Wall Street consensus estimate of $1.23. The fund owned 39,172 shares of the company's stock after selling 770 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Philip Morris International by 4.5% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company's stock valued at $669,000 after buying an additional 20 shares during the last quarter. STA Wealth Management LLC now owns 2,488 shares of the company's stock valued at $228,000 after buying an additional 27 shares during the last quarter. (NYSE:PM). Mason Street Advisors Ltd Liability Corp holds 0.53% in Philip Morris International Inc. The stock has a market capitalization of $188.89 billion, a PE ratio of 26.92 and a beta of 0.94. As of the end of the quarter Whittier Trust Co Of Nevada Inc had sold 125 shares trimming its holdings by 1.0%.
It is now trading at $121.62 which is just over the 50 day moving average of $119.65 and which is just a bit higher than the 200 day moving average of $110.33. (NYSE:PM). Aviance Prtnrs Ltd Co reported 0.18% of its portfolio in Philip Morris International Inc. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.03 by $0.05. Maverick Cap has invested 0.04% in Philip Morris International Inc.
During the second quarter, total cigarette and heated tobacco unit shipment volume was 199.9 billion, down by 5% from past year. Cam Group Holding A S has invested 3.13% in Philip Morris International Inc.
Reflecting currency movements, the company revised its full-year earnings guidance; analysts should now expect earnings per share to fall within a range of US$4.78 to US$4.93, assuming exchange rates stay as they are.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.42%. Philip Morris International's dividend payout ratio (DPR) is 92.04%. If you are accessing this piece on another publication, it was copied illegally and republished in violation of USA & global trademark & copyright legislation. The original version of this news story can be accessed at https://baseballnewssource.com/markets/state-board-of-administration-of-florida-retirement-system-sells-7369-shares-of-philip-morris-international-inc-nysepm/1234130.html.
PM has been the topic of a number of recent research reports. Following the release of the earnings report, the stock was down 3% at $117.80 in early trading indications Thursday.
On November 14 the company was changed to a "Buy" according to a CLSA report which was a boost from the previous "Outperform" rating. Vetr raised shares of Philip Morris International from a "strong sell" rating to a "buy" rating and set a $128.00 target price on the stock in a report on Monday, June 26th. Finally, Piper Jaffray Companies reaffirmed an "overweight" rating and issued a $134.00 target price on shares of Philip Morris International in a report on Thursday, June 1st. If the market is performing well and the stock is over-valued, PM might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. Philip Morris International presently has an average rating of "Buy" and an average target price of $118.29.
Shares in the tobacco products group were down 0.6% at US$120.84 in pre-market trading.
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