Siemens Fonds Invest GmbH Sells 21,306 Shares of Philip Morris International Inc. (NYSE:PM)

Siemens Fonds Invest GmbH lowered its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 56.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,177 shares of the company’s stock after selling 21,306 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Philip Morris International were worth $1,520,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC grew its holdings in Philip Morris International by 2.6% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 8,836 shares of the company’s stock worth $830,000 after acquiring an additional 223 shares during the last quarter. Edgemoor Investment Advisors Inc. boosted its stake in shares of Philip Morris International by 14.7% in the 1st quarter. Edgemoor Investment Advisors Inc. now owns 2,940 shares of the company’s stock valued at $276,000 after purchasing an additional 376 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Philip Morris International by 3.5% in the 1st quarter. Scotia Capital Inc. now owns 50,830 shares of the company’s stock valued at $4,775,000 after purchasing an additional 1,705 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Philip Morris International by 6.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 28,978 shares of the company’s stock valued at $2,753,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Philip Morris International by 2.2% in the 1st quarter. Parallel Advisors LLC now owns 13,767 shares of the company’s stock valued at $1,293,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $97.06 on Friday. The company’s 50 day simple moving average is $96.27 and its 200 day simple moving average is $98.70. Philip Morris International Inc. has a fifty-two week low of $85.64 and a fifty-two week high of $112.48. The firm has a market capitalization of $150.46 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 3.69 and a beta of 0.62.

Philip Morris International (NYSE:PMGet Rating) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.22. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. Philip Morris International’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 EPS. As a group, analysts predict that Philip Morris International Inc. will post 5.99 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were issued a dividend of $1.25 per share. The ex-dividend date was Thursday, June 30th. This represents a $5.00 annualized dividend and a yield of 5.15%. Philip Morris International’s dividend payout ratio (DPR) is currently 85.91%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $109.13.

Philip Morris International Company Profile

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Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States.

See Also

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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