Plancorp LLC boosted its holdings in shares of Philip Morris International Inc (NYSE:PM) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,961 shares of the company’s stock after purchasing an additional 2 shares during the quarter. Plancorp LLC’s holdings in Philip Morris International were worth $1,873,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Mechanics Bank Trust Department lifted its position in shares of Philip Morris International by 0.3% in the 2nd quarter. Mechanics Bank Trust Department now owns 62,163 shares of the company’s stock worth $7,301,000 after acquiring an additional 205 shares during the period. Aviance Capital Partners LLC lifted its position in shares of Philip Morris International by 3.1% in the 2nd quarter. Aviance Capital Partners LLC now owns 4,904 shares of the company’s stock worth $576,000 after acquiring an additional 148 shares during the period. Cornerstone Advisors Inc. lifted its position in shares of Philip Morris International by 0.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 3,053 shares of the company’s stock worth $359,000 after acquiring an additional 18 shares during the period. Personal Capital Advisors Corp lifted its position in shares of Philip Morris International by 17.4% in the 2nd quarter. Personal Capital Advisors Corp now owns 3,461 shares of the company’s stock worth $407,000 after acquiring an additional 513 shares during the period. Finally, Paragon Capital Management Ltd lifted its position in shares of Philip Morris International by 12.5% in the 2nd quarter. Paragon Capital Management Ltd now owns 2,702 shares of the company’s stock worth $317,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 72.02% of the company’s stock.

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A number of brokerages have commented on PM. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC raised their price objective on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and raised their target price for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Finally, Vetr downgraded 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. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $122.79.

Shares of Philip Morris International Inc (NYSE PM) traded up 0.0007% during midday trading on Wednesday, hitting $117.0508. The company had a trading volume of 1,092,965 shares. The stock has a market capitalization of $181.80 billion, a price-to-earnings ratio of 25.9364 and a beta of 0.94. The stock’s 50-day moving average price is $116.34 and its 200-day moving average price is $115.49. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.

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 Zacks’ consensus estimate of $1.23 by ($0.09). The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. Analysts predict that Philip Morris International Inc will post $4.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.66%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International’s dividend payout ratio is presently 92.24%.

In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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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