First Financial Bank Trust Division increased its position in shares of Philip Morris International Inc (NYSE:PM) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,768 shares of the company’s stock after purchasing an additional 242 shares during the period. First Financial Bank Trust Division’s holdings in Philip Morris International were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. GW&K Investment Management LLC lifted its holdings in Philip Morris International by 21.3% during the 2nd quarter. GW&K Investment Management LLC now owns 406,799 shares of the company’s stock worth $47,779,000 after purchasing an additional 71,357 shares during the last quarter. CenturyLink Investment Management Co lifted its holdings in Philip Morris International by 100.4% during the 2nd quarter. CenturyLink Investment Management Co now owns 12,465 shares of the company’s stock worth $1,464,000 after purchasing an additional 6,246 shares during the last quarter. Carlson Capital Management lifted its holdings in Philip Morris International by 12.6% during the 2nd quarter. Carlson Capital Management now owns 3,497 shares of the company’s stock worth $411,000 after purchasing an additional 392 shares during the last quarter. Pure Financial Advisors Inc. lifted its holdings in Philip Morris International by 13.1% during the 2nd quarter. Pure Financial Advisors Inc. now owns 4,008 shares of the company’s stock worth $471,000 after purchasing an additional 464 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Philip Morris International by 1.5% during the 2nd quarter. Private Trust Co. NA now owns 40,824 shares of the company’s stock worth $4,794,000 after purchasing an additional 585 shares during the last quarter. 72.01% of the stock is owned by institutional investors and hedge funds.

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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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

PM has been the topic of a number of recent research reports. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Cowen and Company restated a “buy” rating on shares of Philip Morris International in a research note on Sunday. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and raised their price objective for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. Finally, Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research note on Monday, June 19th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $122.79.

Shares of Philip Morris International Inc (NYSE PM) traded down 0.36% during trading on Friday, hitting $112.51. The stock had a trading volume of 2,998,988 shares. The company has a market cap of $174.75 billion, a PE ratio of 24.93 and a beta of 0.94. The firm’s 50 day moving average is $116.11 and its 200 day moving average is $115.73. 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 issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the business posted $1.15 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors 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 dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s dividend payout ratio (DPR) is 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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