Capstone Asset Management Co. decreased its holdings in shares of Philip Morris International Inc (NYSE:PM) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,371 shares of the company’s stock after selling 2,045 shares during the quarter. Capstone Asset Management Co.’s holdings in Philip Morris International were worth $2,627,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PM. Welch Investments LLC acquired a new stake in shares of Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. purchased a new position in shares of Philip Morris International in the 1st quarter worth $114,000. Gemmer Asset Management LLC raised its position in shares of Philip Morris International by 40.6% in the 1st quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Philip Morris International by 75.0% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after buying an additional 750 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its position in shares of Philip Morris International by 23.2% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock worth $199,000 after buying an additional 332 shares during the period. Institutional investors and hedge funds own 72.01% of the company’s stock.

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In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by insiders.

PM has been the topic of several research reports. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. BidaskClub lowered Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price on the stock. in a research report on Monday, June 19th. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 target price (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and a consensus price target of $122.79.

Philip Morris International Inc (PM) traded down 0.52% on Tuesday, reaching $115.48. The company’s stock had a trading volume of 1,331,640 shares. The company has a market capitalization of $179.36 billion, a price-to-earnings ratio of 25.59 and a beta of 0.94. The stock has a 50 day moving average price of $116.15 and a 200-day moving average price of $115.69. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (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 business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be given a dividend of $1.07 per share. 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. This represents a $4.28 dividend on an annualized basis and a yield of 3.69%. Philip Morris International’s payout ratio is currently 92.24%.

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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