Philip Morris International Inc. (PM) Stake Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 25.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,285 shares of the company’s stock after buying an additional 60,394 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Philip Morris International were worth $23,914,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Alerus Financial NA raised its holdings in Philip Morris International by 11.3% during the second quarter. Alerus Financial NA now owns 87,413 shares of the company’s stock valued at $7,058,000 after buying an additional 8,897 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Philip Morris International by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 201,092 shares of the company’s stock valued at $16,235,000 after buying an additional 20,196 shares in the last quarter. Zacks Investment Management raised its holdings in Philip Morris International by 7.4% during the second quarter. Zacks Investment Management now owns 527,234 shares of the company’s stock valued at $42,569,000 after buying an additional 36,303 shares in the last quarter. IMA Wealth Inc. bought a new position in Philip Morris International during the second quarter valued at about $149,000. Finally, Jupiter Asset Management Ltd. raised its holdings in Philip Morris International by 102.3% during the second quarter. Jupiter Asset Management Ltd. now owns 72,816 shares of the company’s stock valued at $5,879,000 after buying an additional 36,816 shares in the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

Philip Morris International stock opened at $90.46 on Tuesday. The stock has a market capitalization of $138.35 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.04 and a beta of 0.79. Philip Morris International Inc. has a 52 week low of $76.21 and a 52 week high of $111.25.



Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 18th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.16. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.16 billion. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. On average, research analysts predict that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Wednesday, September 26th were paid a dividend of $1.14 per share. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 annualized dividend and a yield of 5.04%. Philip Morris International’s dividend payout ratio is 92.49%.

A number of equities analysts have recently commented on the company. ValuEngine upgraded Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Monday, July 30th. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Societe Generale set a $95.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research note on Monday, October 22nd. Stifel Nicolaus dropped their price objective on Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. lowered Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $98.08.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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