Chase Investment Counsel Corp acquired a new stake in Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 1,800 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also made changes to their positions in the company. Cedar Rock Capital Ltd. increased its stake in shares of Philip Morris International by 0.5% in the fourth quarter. Cedar Rock Capital Ltd. now owns 11,945,653 shares of the company’s stock valued at $1,092,908,000 after buying an additional 58,068 shares in the last quarter. Gardner Russo & Gardner LLC increased its stake in shares of Philip Morris International by 0.5% in the fourth quarter. Gardner Russo & Gardner LLC now owns 10,363,811 shares of the company’s stock valued at $948,185,000 after buying an additional 49,798 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock valued at $800,847,000 after buying an additional 1,240,300 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Philip Morris International by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,357,568 shares of the company’s stock valued at $491,969,000 after buying an additional 18,903 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Philip Morris International during the fourth quarter valued at about $351,755,000. 72.31% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Inc (NYSE:PM) opened at 121.62 on Thursday. The company has a 50 day moving average price of $119.65 and a 200-day moving average price of $110.33. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The company has a market capitalization of $188.89 billion, a P/E ratio of 26.92 and a beta of 0.94.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 20th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.05. The business had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.47 billion. Philip Morris International had a net margin of 9.40% and a negative return on equity of 65.44%. Philip Morris International’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities analysts anticipate that Philip Morris International Inc will post $4.90 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $4.16 annualized dividend and a yield of 3.42%. Philip Morris International’s dividend payout ratio is 92.04%.

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PM has been the subject of several research analyst reports. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Wednesday, March 29th. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $104.00 price target on shares of Philip Morris International in a research note on Friday, March 24th. Vetr raised Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 price target for the company in a research note on Tuesday, May 16th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $118.29.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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