First Financial Corp IN lessened its position in Philip Morris International Inc (NYSE:PM) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,372 shares of the company’s stock after selling 200 shares during the quarter. First Financial Corp IN’s holdings in Philip Morris International were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in PM. C WorldWide Group Holding A S raised its stake in Philip Morris International by 70.9% during the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after buying an additional 1,255,776 shares during the last quarter. Swiss National Bank raised its stake in Philip Morris International by 26.2% during the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after buying an additional 1,189,800 shares during the last quarter. State Street Corp raised its stake in Philip Morris International by 1.8% during the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Philip Morris International by 42.0% during the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock valued at $236,086,000 after buying an additional 618,100 shares during the last quarter. Finally, Karp Capital Management Corp raised its stake in Philip Morris International by 4,117.4% during the first quarter. Karp Capital Management Corp now owns 561,679 shares of the company’s stock valued at $63,414,000 after buying an additional 548,361 shares during the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/30/philip-morris-international-inc-pm-shares-sold-by-first-financial-corp-in.html.

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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

Philip Morris International Inc (NYSE:PM) traded down 0.71% during mid-day trading on Friday, hitting $111.01. The company’s stock had a trading volume of 3,912,773 shares. 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 12-month low of $86.78 and a 12-month high of $123.55. The company has a market cap of $172.42 billion, a P/E ratio of 24.60 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 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 for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the company posted $1.15 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict 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. Stockholders of record on Wednesday, September 27th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s dividend payout ratio is currently 94.90%.

A number of research analysts have issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $120.00 price objective on shares of Philip Morris International in a research note on Thursday. Goldman Sachs Group, Inc. (The) upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research note on Thursday. Cowen and Company reiterated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Piper Jaffray Companies set a $134.00 price objective on Philip Morris International and gave the company a “buy” rating in a research note on Saturday, August 19th. Finally, BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $123.92.

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.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Stock Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related stocks with our FREE daily email newsletter.