Waddell & Reed Financial Inc. Boosts Holdings in Philip Morris International Inc. (NYSE:PM)

Waddell & Reed Financial Inc. raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 8.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,006,133 shares of the company’s stock after purchasing an additional 223,663 shares during the period. Waddell & Reed Financial Inc. owned 0.19% of Philip Morris International worth $236,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Willingdon Wealth Management increased its position in shares of Philip Morris International by 0.9% during the second quarter. Willingdon Wealth Management now owns 13,656 shares of the company’s stock valued at $1,072,000 after acquiring an additional 119 shares during the last quarter. Montag A & Associates Inc. increased its position in shares of Philip Morris International by 0.6% during the first quarter. Montag A & Associates Inc. now owns 18,782 shares of the company’s stock valued at $1,660,000 after acquiring an additional 120 shares during the last quarter. NBT Bank N A NY increased its position in shares of Philip Morris International by 0.3% during the first quarter. NBT Bank N A NY now owns 41,531 shares of the company’s stock valued at $3,671,000 after acquiring an additional 120 shares during the last quarter. Brand Asset Management Group Inc. increased its position in shares of Philip Morris International by 34.9% during the second quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock valued at $37,000 after acquiring an additional 122 shares during the last quarter. Finally, Capital City Trust Co. FL increased its position in shares of Philip Morris International by 1.1% during the second quarter. Capital City Trust Co. FL now owns 11,041 shares of the company’s stock valued at $867,000 after acquiring an additional 125 shares during the last quarter. 74.11% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Mario Masseroli sold 1,100 shares of Philip Morris International stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total value of $96,162.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company’s stock.



Shares of PM stock traded down $0.35 during trading on Tuesday, reaching $71.65. The company’s stock had a trading volume of 496,404 shares, compared to its average volume of 10,264,480. The company has a market capitalization of $110.78 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 1.74 and a beta of 1.00. The stock’s 50-day moving average price is $77.28 and its 200 day moving average price is $82.25. Philip Morris International Inc. has a 1-year low of $64.67 and a 1-year high of $92.74.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 18th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.13. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.42 billion. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 earnings per share. Sell-side analysts anticipate that Philip Morris International Inc. will post 5.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 25th will be issued a $1.17 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 6.53%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.14. Philip Morris International’s payout ratio is 89.41%.

A number of equities research analysts have weighed in on the stock. ValuEngine cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Cowen reiterated a “hold” rating on shares of Philip Morris International in a research report on Thursday, September 12th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, September 4th. Morgan Stanley dropped their price target on shares of Philip Morris International from $94.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Credit Suisse Group set a $80.00 price target on shares of Philip Morris International and gave the company a “sell” rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International has an average rating of “Hold” and a consensus price target of $93.77.

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

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