Philip Morris International Inc (PM) Stake Increased by Sanders Morris Harris Inc
- Author: Joanne Flowers Mar 10, 2017,
Mar 10, 2017, 20:09
Louis C. Camilleri is one of the biggest insider owners in Philip Morris International Inc. (NYSE:PM) as "STRONG BUY", 6 rated as "BUY" and 9 issued a "HOLD" rating. BlackRock Fund Advisors raised its stake in Philip Morris International by 6.6% in the second quarter.
Several other analysts also recently commented on the company. The higher estimate of target price is $114, while the lower price target estimate is $104Philip Morris International Inc (NYSE:PM) has received a short term rating of hold from experts at Zacks with a rank of 3. Analysts had expected Philip Morris International Inc. 15 Analysts reported that the Price Target for Philip Morris International, Inc. might touch $120 high while the Average Price Target and Low price Target is $108.47 and $94 respectively. Bank of America Corp downgraded shares of Philip Morris International from a "buy" rating to a "neutral" rating and reduced their price target for the company from $102.00 to $96.00 in a report on Wednesday, January 4th.
Shares of Philip Morris International (NYSE:PM) opened at 110.28 on Monday. The stock has a market capitalization of $140.24 billion, a P/E ratio of 21.63 and a beta of 0.88.
The 52-week high for Philip Morris International Inc. stands at -0.83% while the 52-week low stands at 27.89%.
Philip Morris International Inc. highlighted its earnings failure in the latest quarter as it miss the Street's earnings consensus estimates of $1.12 by -$0.02. Among 4 Analysts, Bottom line EPS Estimate for the current quarter is $1.03 while the top line estimate is $1.11, a key information to consider for Day Trading and investing in stocks. The Return on Equity (ROE) value stands at -55.4%. In order to determine directional movement, the 50-day and 200-day moving averages for Philip Morris International Inc. During the same quarter in the prior year, the company posted $1.24 earnings per share. The business's quarterly revenue was up 9.1% compared to the same quarter previous year. "(PM) to Strong Sell" was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/03/09/philip-morris-international-inc-pm-plans-quarterly-dividend-of-1-04.html. (NYSE:PM) by 2.0% during the fourth quarter, Holdings Channel reports. The ex-dividend date of this dividend is Tuesday, March 21st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.79%. Philip Morris International's dividend payout ratio (DPR) is 92.86%. The Stock now has a Weekly Volatility of 0.96% and Monthly Volatility of 1.23%. The company saw 3.93 million shares trade hands over the course of the day. Following the sale, the chief executive officer now owns 787,671 shares in the company, valued at $80,854,428.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Philip Morris International by 0.4% in the third quarter. However, the stock is trading at 0.23% versus recent highs ($110.64).
The volatility (week) for Philip Morris International Inc.is at 0.86% and the volatility (month) is at 1.23%. Trent Capital Management Inc. Finally, Vantage Investment Advisors LLC increased its position in shares of Philip Morris International by 1.6% in the third quarter. Vantage Investment Advisors LLC now owns 1,225 shares of the company's stock valued at $119,000 after buying an additional 19 shares during the period. Perhaps, that suggests something about why 0.42% of the outstanding share supply is held by institutional investors.
In other Philip Morris International news, Director Jun Makihara bought 2,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, November 17th. The Company's products are sold in over 180 markets. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.