Ingalls & Snyder LLC Has $1.53 Million Position in Philip Morris International Inc. (NYSE:PM)

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Ingalls & Snyder LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,939 shares of the company’s stock after selling 1,820 shares during the quarter. Ingalls & Snyder LLC’s holdings in Philip Morris International were worth $1,526,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Welch Group LLC grew its holdings in shares of Philip Morris International by 2.6% during the third quarter. Welch Group LLC now owns 4,702 shares of the company’s stock worth $357,000 after purchasing an additional 120 shares during the last quarter. First Command Financial Services Inc. boosted its holdings in Philip Morris International by 5.0% in the third quarter. First Command Financial Services Inc. now owns 2,611 shares of the company’s stock valued at $198,000 after acquiring an additional 125 shares during the last quarter. Dowling & Yahnke LLC boosted its holdings in Philip Morris International by 1.9% in the third quarter. Dowling & Yahnke LLC now owns 6,853 shares of the company’s stock valued at $520,000 after acquiring an additional 130 shares during the last quarter. JJJ Advisors Inc. boosted its holdings in Philip Morris International by 5.3% in the third quarter. JJJ Advisors Inc. now owns 2,594 shares of the company’s stock valued at $197,000 after acquiring an additional 130 shares during the last quarter. Finally, Smith Moore & CO. boosted its holdings in Philip Morris International by 1.8% in the second quarter. Smith Moore & CO. now owns 7,675 shares of the company’s stock valued at $603,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 73.05% of the company’s stock.

Several research firms recently issued reports on PM. Bank of America upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Tuesday, October 1st. Citigroup cut Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Monday, December 2nd. ValuEngine cut Philip Morris International from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. Morgan Stanley raised their price target on Philip Morris International from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Piper Sandler raised their price target on Philip Morris International from $105.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $95.17.

Shares of PM opened at $88.32 on Thursday. Philip Morris International Inc. has a 1 year low of $69.27 and a 1 year high of $92.74. The stock has a market cap of $136.26 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00. The stock’s 50-day moving average price is $85.15 and its two-hundred day moving average price is $81.32.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.08. The company had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.65 billion. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. Philip Morris International’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 earnings per share. Equities analysts expect that Philip Morris International Inc. will post 5.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 19th were given a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Wednesday, December 18th. Philip Morris International’s dividend payout ratio is currently 91.76%.

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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