Economy

Warren Averett Asset Management Reduces Holdings in Philip Morris International

(NYSE:PM). Moreover, Stock Yards Savings Bank & Tru has 0.51% invested in Philip Morris International Inc. Waldron has an ownership of 29,179 company stock worth at $3,292,000 following acquiring an extra 1,547 stocks in the previous period.

Philip Morris International Inc (PM) opened at 110.87 on Tuesday.

Philip Morris International Inc.is a holding company. Vanguard Group Inc. now owns 111,475,174 shares of the company's stock worth $13,092,759,000 after purchasing an additional 2,972,929 shares in the last quarter. Van Cleef Asset Management Inc bought a new position in Philip Morris International in the first quarter worth about $228,000. If you are accessing this article on another site, it was stolen and republished in violation of USA & global copyright legislation. Pinnacle Advisory Group Inc. now owns 45,076 shares of the company's stock worth $5,089,000 after buying an additional 19,598 shares in the last quarter. Motco lifted its position in shares of Philip Morris International by 4.6% during the first quarter. BlackRock Inc. raised its holdings in Philip Morris International by 2.7% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company's stock valued at $198,000 after acquiring an additional 750 shares in the last quarter. Institutional investors own 72.01% of the company's stock.

Receive Philip Morris International Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc with MarketBeat.com's FREE daily email newsletter. The stock exchanged hands with 3,401,172 numbers of shares compared to its average daily volume of 3.76M shares. The company has market cap of $1.23 billion. (NYSE:PM) touched its 1-Year High price of $123.55 on 06/20/17 and its 1-Year Low price of $ 86.78 on 12/01/16. The company's 50-day moving average price is $115.39 and its 200 day moving average price is $115.82. (NYSE:PM). Liberty Capital Mgmt has 0.04% invested in Philip Morris International Inc. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.03 by $0.05. Philip Morris International had 37 analyst reports since August 24, 2015 according to SRatingsIntel. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter previous year, the firm earned $0.98 EPS. The firm's quarterly revenue was up 4.0% compared to the same quarter past year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International's dividend payout ratio (DPR) is presently 94.90%. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and worldwide copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/04/old-national-bancorp-in-trims-stake-in-philip-morris-international-inc-pm.html.

A number of analysts have recently weighed in on PM shares. Jefferies reiterated a "hold" recommendation and given a $120.00 target price on stock of Philip Morris International in a study note published on early Thur, Sep 28th. It fall, as 53 investors sold Philip Morris International Inc. shares while 558 reduced holdings. SBG Securities upgraded Philip Morris International from a "sell" rating to a "hold" rating and boosted their price target for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. (NYSE:PM). Summit Asset Mgmt Ltd Liability Company reported 0.22% of its portfolio in Philip Morris International Inc.

Analysts await Philip Morris International Inc. They now have a Dollars 123 price target on the stock.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, February 15th. The stock was unloaded at a price range of of $116.00, amounting to $1,624,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Philip Morris International Inc is a holding company. The Firm is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company's divisions include European Union; Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. (NYSE:PM) has "Hold" rating given on Wednesday, October 5 by Jefferies.



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