GW&K Investment Management LLC boosted its stake in Philip Morris International Inc. (NYSE:PM) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 281,419 shares of the company’s stock after buying an additional 17,541 shares during the period. GW&K Investment Management LLC’s holdings in Philip Morris International were worth $28,626,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Philip Morris International by 3.3% in the first quarter. State Street Corp now owns 57,800,062 shares of the company’s stock worth $5,670,770,000 after buying an additional 1,821,500 shares during the period. Bank of Montreal Can bought a new stake in shares of Philip Morris International during the second quarter worth $173,009,000. TIAA CREF Investment Management LLC boosted its stake in shares of Philip Morris International by 16.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,939,086 shares of the company’s stock worth $778,904,000 after buying an additional 1,111,511 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Philip Morris International during the first quarter worth $107,852,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Philip Morris International by 203.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,633,792 shares of the company’s stock worth $160,291,000 after buying an additional 1,096,006 shares during the period. Institutional investors and hedge funds own 71.22% of the company’s stock.

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

Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.24% on Monday, hitting $96.25. The stock had a trading volume of 2,205,427 shares. Philip Morris International Inc. has a 12-month low of $83.27 and a 12-month high of $104.20. The company has a market cap of $149.32 billion, a price-to-earnings ratio of 23.03 and a beta of 0.95. The stock has a 50 day moving average price of $99.37 and a 200-day moving average price of $99.71.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.20 by $0.05. Philip Morris International had a net margin of 8.84% and a negative return on equity of 57.28%. The firm earned $6.65 billion during the quarter, compared to analyst estimates of $6.77 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. On average, equities analysts expect that Philip Morris International Inc. will post $4.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Wednesday, September 28th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 4.32%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 26th. Philip Morris International’s payout ratio is presently 99.52%.

PM has been the subject of a number of analyst reports. Goldman Sachs Group Inc. restated a “buy” rating and set a $116.00 price objective (up from $114.00) on shares of Philip Morris International in a research note on Monday, October 3rd. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Wednesday, October 5th. Morgan Stanley restated an “overweight” rating and set a $110.00 price objective on shares of Philip Morris International in a research note on Tuesday, September 27th. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 price objective for the company in a research note on Monday, June 20th. Finally, Wells Fargo & Co. restated an “outperform” rating and set a $115.00 price objective on shares of Philip Morris International in a research note on Thursday, September 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $104.82.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company 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 products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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