Sequoia Financial Advisors LLC bought a new stake in shares of Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,944 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also recently modified their holdings of PM. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Philip Morris International during the fourth quarter valued at $351,755,000. Asset Management One Co. Ltd. boosted its stake in shares of Philip Morris International by 798.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,957,580 shares of the company’s stock valued at $270,668,000 after buying an additional 2,628,447 shares during the period. Franklin Resources Inc. boosted 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 during the period. Marshall Wace LLP boosted its stake in shares of Philip Morris International by 422.8% in the fourth quarter. Marshall Wace LLP now owns 1,416,549 shares of the company’s stock valued at $129,600,000 after buying an additional 1,145,602 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Philip Morris International by 5,946.7% in the fourth quarter. Renaissance Technologies LLC now owns 725,600 shares of the company’s stock valued at $66,385,000 after buying an additional 713,600 shares during the period. 72.45% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Inc (PM) traded down 1.03% during midday trading on Tuesday, reaching $114.67. 2,788,863 shares of the company’s stock traded hands. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The company’s 50-day moving average price is $118.47 and its 200 day moving average price is $112.17. The stock has a market capitalization of $178.10 billion, a price-to-earnings ratio of 25.41 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the 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 company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 annualized dividend and a yield of 3.63%. Philip Morris International’s dividend payout ratio (DPR) is presently 92.24%.

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A number of equities analysts have issued reports on PM shares. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price for the company. in a research report on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $121.00 target price on shares of Philip Morris International in a research report on Tuesday, June 20th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $134.00 price objective on shares of Philip Morris International in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus 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.

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

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