Huntington National Bank cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 20.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,379 shares of the company’s stock after selling 34,321 shares during the period. Huntington National Bank’s holdings in Philip Morris International were worth $13,466,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Advisors Solutions LLC increased its position in shares of Philip Morris International by 7.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,799 shares of the company’s stock worth $373,000 after buying an additional 262 shares in the last quarter. American Economic Planning Group Inc. ADV acquired a new position in shares of Philip Morris International during the first quarter worth about $216,000. Badgley Phelps & Bell Inc. acquired a new position in shares of Philip Morris International during the first quarter worth about $238,000. IFP Advisors Inc increased its position in shares of Philip Morris International by 30.9% in the first quarter. IFP Advisors Inc now owns 83,476 shares of the company’s stock worth $8,190,000 after buying an additional 19,706 shares in the last quarter. Finally, Hyman Charles D acquired a new position in shares of Philip Morris International during the first quarter worth about $7,067,000. Institutional investors own 71.15% of the company’s stock.

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

Philip Morris International Inc. (NYSE:PM) traded down 0.33% during trading on Monday, hitting $95.51. The stock had a trading volume of 4,097,941 shares. Philip Morris International Inc. has a 12 month low of $83.27 and a 12 month high of $104.20. The stock has a market cap of $148.17 billion, a price-to-earnings ratio of 22.85 and a beta of 0.95. The firm has a 50 day moving average of $98.68 and a 200-day moving average of $99.64.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the prior year, the firm posted $1.21 EPS. Equities analysts predict that Philip Morris International Inc. will post $4.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Wednesday, September 28th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Monday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s payout ratio is currently 99.52%.

A number of research analysts recently issued reports on the company. Goldman Sachs Group Inc. restated a “buy” rating and set a $116.00 price target on shares of Philip Morris International in a report on Saturday. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Wednesday, October 5th. Jefferies Group set a $99.00 price target on Philip Morris International and gave the company a “hold” rating in a report on Wednesday, October 5th. Morgan Stanley restated an “overweight” rating and set a $110.00 price target on shares of Philip Morris International in a report on Tuesday, September 27th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $106.00 target price on shares of Philip Morris International in a report on Monday, September 26th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Philip Morris International has an average rating of “Buy” and a consensus target price of $105.63.

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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