Pensions

British Airways Pensions Investment Management Ltd Sells 23,374 Shares of Philip Morris International Inc (NYSE:PM)

British Airways Pensions Investment Management Ltd lowered its position in Philip Morris International Inc (NYSE:PM) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,485 shares of the company’s stock after selling 23,374 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in Philip Morris International were worth $27,588,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nicholas Co. Inc. WI increased its stake in Philip Morris International by 6.7% in the fourth quarter. Nicholas Co. Inc. WI now owns 606,755 shares of the company’s stock worth $55,512,000 after buying an additional 37,840 shares during the last quarter. Credit Agricole S A increased its stake in Philip Morris International by 5.0% in the fourth quarter. Credit Agricole S A now owns 1,518,541 shares of the company’s stock worth $138,931,000 after buying an additional 72,552 shares during the last quarter. Exchange Capital Management Inc. increased its stake in Philip Morris International by 1.7% in the fourth quarter. Exchange Capital Management Inc. now owns 41,003 shares of the company’s stock worth $3,751,000 after buying an additional 690 shares during the last quarter. Northwest Quadrant Wealth Management LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth $630,000. Finally, Smith Shellnut Wilson LLC ADV acquired a new position in shares of Philip Morris International during the fourth quarter worth $522,000. Institutional investors and hedge funds own 72.33% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up 0.14% during trading on Thursday, reaching $117.82. 1,479,821 shares of the company were exchanged. The stock has a 50-day moving average of $119.29 and a 200 day moving average of $111.19. The stock has a market capitalization of $182.97 billion, a P/E ratio of 26.11 and a beta of 0.94. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the prior year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were issued a $1.04 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 annualized dividend and a yield of 3.54%. Philip Morris International’s payout ratio is currently 92.24%.

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A number of research analysts have weighed in on the stock. Berenberg Bank set a $96.00 price target on shares of Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. boosted their target price on shares of Philip Morris International from $107.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Jefferies Group LLC boosted their target price on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target on the stock. in a report on Monday, June 19th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $122.00.

About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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