West Oak Capital LLC decreased its position in Philip Morris International Inc (NYSE:PM) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,090 shares of the company’s stock after selling 210 shares during the period. West Oak Capital LLC’s holdings in Philip Morris International were worth $715,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC lifted its holdings in Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after buying an additional 10 shares during the period. Argent Capital Management LLC lifted its holdings in Philip Morris International by 0.6% in the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after buying an additional 20 shares during the period. Quotient Investors LLC lifted its holdings in Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after buying an additional 22 shares during the period. Stillwater Investment Management LLC lifted its holdings in Philip Morris International by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 2,956 shares of the company’s stock valued at $347,000 after buying an additional 23 shares during the period. Finally, Klingman & Associates LLC lifted its holdings in Philip Morris International by 1.1% in the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock valued at $276,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 72.02% of the company’s stock.

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Several equities analysts have recently weighed in on PM shares. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and upped their price objective for the company from $118.00 to $119.00 in a report on Friday, August 11th. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub lowered shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Bank of America Corporation upped their price objective on shares of Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, May 30th. Finally, Jefferies Group LLC upped their price objective on shares of Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $122.79.

Philip Morris International Inc (PM) traded down 0.8073% on Friday, hitting $115.7876. 3,047,158 shares of the stock were exchanged. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The stock has a market cap of $179.84 billion, a price-to-earnings ratio of 25.6565 and a beta of 0.94. The company has a 50-day moving average of $116.29 and a 200-day moving average of $115.51.

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 analysts’ consensus estimates of $1.23 by ($0.09). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company 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 earned $1.15 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc will post $4.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.66%. This is a positive change 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 payout ratio is 92.24%.

In related news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Philip Morris International 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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