Home Wealth Advisor Philip Morris International Inc. (PM) Shares Sold by TCI Wealth Advisors Inc.

Philip Morris International Inc. (PM) Shares Sold by TCI Wealth Advisors Inc.

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TCI Wealth Advisors Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,084 shares of the company’s stock after selling 1,315 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Philip Morris International were worth $578,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. increased its position in shares of Philip Morris International by 90.7% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock valued at $101,000 after buying an additional 592 shares in the last quarter. Buckingham Asset Management LLC increased its position in shares of Philip Morris International by 3.2% in the third quarter. Buckingham Asset Management LLC now owns 19,736 shares of the company’s stock valued at $1,609,000 after buying an additional 616 shares in the last quarter. BKD Wealth Advisors LLC increased its position in shares of Philip Morris International by 5.0% in the second quarter. BKD Wealth Advisors LLC now owns 13,174 shares of the company’s stock valued at $1,064,000 after buying an additional 625 shares in the last quarter. Pictet & Cie Europe SA increased its position in shares of Philip Morris International by 7.3% in the second quarter. Pictet & Cie Europe SA now owns 9,173 shares of the company’s stock valued at $741,000 after buying an additional 627 shares in the last quarter. Finally, InterOcean Capital LLC increased its position in shares of Philip Morris International by 11.3% in the second quarter. InterOcean Capital LLC now owns 6,274 shares of the company’s stock valued at $507,000 after buying an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.

PM has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Citigroup set a $90.00 price objective on Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $93.00 price target on shares of Philip Morris International in a research note on Friday, July 13th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Wednesday, July 25th. Finally, Piper Jaffray Companies set a $99.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average target price of $98.08.

Shares of NYSE:PM opened at $89.07 on Thursday. The company has a market capitalization of $138.00 billion, a PE ratio of 18.07, a PEG ratio of 2.03 and a beta of 0.58. Philip Morris International Inc. has a 1 year low of $76.21 and a 1 year high of $111.25.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.16. The firm 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 business’s revenue 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. 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. Stockholders of record on Wednesday, September 26th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Tuesday, September 25th. Philip Morris International’s dividend payout ratio is presently 92.49%.

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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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