Other hedge funds have also bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company's stock valued at $101,000 after buying an additional 700 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Philip Morris International by 0.8% in the third quarter. Glassman Wealth Services now owns 1,000 shares of the company's stock valued at $102,000 after buying an additional 4 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Philip Morris International by 0.4% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company's stock valued at $103,000 after buying an additional 5 shares during the last quarter.
Philip Morris International Inc. BlackRock Fund Advisors now owns 26,462,261 shares of the company's stock valued at $2,572,661,000 after buying an additional 871,161 shares during the last quarter.
Shares of Philip Morris International (NYSE:PM) opened at 88.95 on Thursday. According to these analysts, the Low Revenue Estimate for Philip Morris International, Inc.is 6.26 Billion and the High Revenue Estimate is 7.11 Billion. The company has a market capitalization of $137.99 billion, a PE ratio of 21.28 and a beta of 0.91. The company's 50 day moving average is $90.36 and its 200-day moving average is $96.29. (NYSE:PM) declined -0.87% to $90.52. (NYSE:PM)'s latest quarter, EPS moved to $1.25 from $1.15 in preceding quarter and revenues reached at $6,982.00M compared to $6,649.00M. The company had Year Ago Sales of 6.39 Billion. The Return on Equity (ROE) value stands at -51.2%. The business's revenue was up.8% on a year-over-year basis.
Watch Analyst rating and Activity: Philip Morris International Inc.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 22nd will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, December 20th. Its premium price brands include Marlboro Merit Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield and worldwide brands include Bond Street Lark Muratti Next Philip Morris and Red & White.
COPYRIGHT VIOLATION WARNING: "Caledonia Investments PLC Continues to Hold Position in Philip Morris International Inc (PM)" was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was stolen and republished in violation of USA & worldwide copyright and trademark law. Balentine LLC boosted its position in shares of Philip Morris International by 98.1% in the third quarter.
Several research firms have commented on PM. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $110.00 price objective on shares of Philip Morris International in a report on Tuesday, September 27th. The mean price target is calculated keeping in view the consensus of 22 analysts. Current price level places the company's stock about -10.45% from the 52-week high and 12.77% away from the 52-week low. Goldman Sachs Group, Inc. (NYSE:PM) recently. The rating firm issued a Neutral rating to this company in a research note released on Jan 04, 2017. Also, the Hold rating count is 12 as of 09/01/16. (NYSE:PM) shares now have a mean rating of 2.30 while 6 analysts have recommended the shares as "BUY", 4 commented as "OUTPERFORM" and 8 commented as "HOLD". The mean price target is calculated keeping in view the consensus of 16 brokerage firms. The stock had a trading capacity of 3.52M shares. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The insider owns 749,554 shares as of less than 0.1%, now worth $67849628.08.
Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Sell-side analyst recommendations point to a short term price target of $100.41 on the company shares. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.