Cobblestone Capital Advisors LLC NY trimmed its position in Philip Morris International Inc. (NYSE:PM) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,414 shares of the company’s stock after selling 140 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Philip Morris International were worth $1,186,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in PM. Essex Investment Management Co. LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $27,000. Transamerica Financial Advisors Inc. lifted its position in shares of Philip Morris International by 552.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock valued at $32,000 after buying an additional 398 shares in the last quarter. Claybrook Capital LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $39,000. Litman Gregory Asset Management LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $40,000. Finally, Clarfeld Financial Advisors LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $40,000. 73.50% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Mario Masseroli sold 1,200 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $84.32, for a total transaction of $101,184.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michael R. Kunst bought 1,000 shares of Philip Morris International stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $79.66 per share, for a total transaction of $79,660.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 4,000 shares of company stock valued at $331,705. Corporate insiders own 0.21% of the company’s stock.
PM traded down $0.55 during trading hours on Monday, reaching $77.98. 4,223,655 shares of the company’s stock traded hands, compared to its average volume of 5,533,544. The company’s 50-day moving average price is $80.32. Philip Morris International Inc. has a 52-week low of $64.67 and a 52-week high of $92.74. The firm has a market capitalization of $122.83 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.98 and a beta of 0.96.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.76 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Philip Morris International’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Philip Morris International Inc. will post 5.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Thursday, June 20th. Philip Morris International’s payout ratio is 89.41%.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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