Mitchell Sinkler & Starr PA maintained its stake in shares of Philip Morris International Inc (NYSE:PM) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,994 shares of the company’s stock at the end of the second quarter. Philip Morris International makes up 1.5% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 26th largest position. Mitchell Sinkler & Starr PA’s holdings in Philip Morris International were worth $939,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PM. Advantage Investment Management LLC purchased a new stake in Philip Morris International during the fourth quarter valued at about $873,000. Comprehensive Portfolio Management LLC purchased a new stake in Philip Morris International during the fourth quarter valued at about $700,000. PagnatoKarp Partners LLC purchased a new stake in Philip Morris International during the fourth quarter valued at about $402,000. GSB Wealth Management LLC purchased a new stake in Philip Morris International during the fourth quarter valued at about $229,000. Finally, Hanlon Investment Management Inc. purchased a new stake in Philip Morris International during the fourth quarter valued at about $2,872,000. 72.45% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Inc (NYSE PM) traded down 0.81% during trading on Tuesday, hitting $114.92. 1,048,548 shares of the company traded hands. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a market capitalization of $178.49 billion, a P/E ratio of 25.46 and a beta of 0.93. The stock has a 50 day moving average price of $118.90 and a 200 day moving average price of $112.12.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, June 21st. Philip Morris International’s dividend payout ratio is currently 92.24%.

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Several research firms have issued reports on PM. Jefferies Group LLC reaffirmed a “hold” rating and set a $121.00 price target on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price target on the stock. in a research report on Monday, May 8th. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price target on shares of Philip Morris International in a research report on Wednesday, April 19th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price target on shares of Philip Morris International in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $122.00.

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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