Philip Morris International Inc. (NYSE:PM) Gapping Down -3.02%

Owen Stevens
April 21, 2017

Cornerstone Advisors Inc. now owns 1,155 shares of the company's stock worth $112,000 after buying an additional 13 shares during the period.

Philip Morris shares have risen 25 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 4 percent. Toth Financial Advisory Corp now owns 8,236 shares of the company's stock worth $801,000 after buying an additional 125 shares during the last quarter. Howard Capital Management boosted its position in shares of Philip Morris International by 2.0% in the third quarter.

The company's shares traded down about 2.1% at $111.50 early Thursday morning.

Image source: Philip Morris International. Parametrica Management Ltd bought a new stake in Philip Morris International during the third quarter worth $382,000. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company's stock worth $669,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 71.65% of the company's stock. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/04/20/baillie-gifford-co-buys-6518-shares-of-philip-morris-international-inc-pm-updated-updated.html. (NYSE:PM) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. During the same quarter previous year, the business posted $0.98 earnings per share. BlackRock Inc is the second biggest holder with 89 million shares now valued at 9.76 B million whilst Capital Research Global Investors has 74 million shares valued at 6.74 B million. (NYSE:PM) opened at 113.06 on Monday. Philip Morris International Inc. has a 12-month low of $86.78 and a 12-month high of $115.63.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. The stock has a market capitalization of $169.95 billion, a P/E ratio of 24.45 and a beta of 0.94. Philip Morris International accounts for approximately 1.2% of Capital Guardian Trust Co.'s holdings, making the stock its 19th largest position. For the last period, the company reported quarter over quarter EPS growth of 36.90% and quarter over quarter sales growth of 9.10%. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.68 billion. -Earnings Growth (Y-o-Y): 3.9% -EPS (Q1): $1.02 vs. $0.98 a year ago. This was down from $16.79 billion past year. For the full year, Philip Morris expects diluted earnings per share between $4.84 and $4.99 and adjusted earnings per share of $4.48.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd were paid a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, March 21st. This represents a $4.16 annualized dividend and a dividend yield of 3.78%. Philip Morris International's dividend payout ratio (DPR) is presently 92.86%.

PM has been the subject of several recent research reports. The company did not report any share repurchases for the first quarter. Analysts surveyed by Zacks Investment Research were looking for earnings of $1.03 per share. Vetr upgraded shares of Philip Morris International from a "strong sell" rating to a "sell" rating and set a $103.84 target price for the company in a report on Wednesday, March 29th.

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