First Heartland Consultants Inc. lifted its stake in shares of Philip Morris International Inc (NYSE:PM) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,349 shares of the company’s stock after buying an additional 228 shares during the quarter. First Heartland Consultants Inc.’s holdings in Philip Morris International were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC boosted its holdings in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the period. Baystate Wealth Management LLC boosted its holdings in Philip Morris International by 0.3% in the second quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock worth $244,000 after purchasing an additional 7 shares during the period. Hudock Capital Group LLC boosted 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 worth $354,000 after purchasing an additional 10 shares during the period. Cape ANN Savings Bank boosted its holdings in Philip Morris International by 0.7% in the second quarter. Cape ANN Savings Bank now owns 2,142 shares of the company’s stock worth $252,000 after purchasing an additional 15 shares during the period. Finally, Cornerstone Advisors Inc. boosted its holdings in Philip Morris International by 0.6% in the second quarter. Cornerstone Advisors Inc. now owns 3,053 shares of the company’s stock worth $359,000 after purchasing an additional 18 shares during the period. 72.01% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE:PM) opened at 115.36 on Wednesday. The company has a market capitalization of $179.18 billion, a PE ratio of 25.56 and a beta of 0.94. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The firm has a 50-day moving average price of $116.11 and a 200-day moving average price of $115.73.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter last year, the company earned $1.15 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate 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 will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.71%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, September 26th. Philip Morris International’s dividend payout ratio is 92.24%.

In other 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 transaction of $1,624,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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A number of equities analysts have commented on PM shares. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Bank of America Corporation lifted their price objective on shares of Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 price objective (down previously from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $122.79.

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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