Tokio Marine Asset Management Co. Ltd. lessened its stake in shares of Philip Morris International Inc (NYSE:PM) by 24.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,356 shares of the company’s stock after selling 5,257 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Philip Morris International were worth $1,921,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Welch Investments LLC purchased a new stake in shares of Philip Morris International in the 1st quarter valued at $113,000. American Beacon Advisors Inc. purchased a new stake in shares of Philip Morris International in the 1st quarter valued at $114,000. Acropolis Investment Management LLC boosted its holdings in shares of Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings 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 valued at $198,000 after acquiring an additional 750 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its holdings 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 valued at $199,000 after acquiring an additional 332 shares during the last quarter. 72.01% of the stock is currently owned by institutional investors.

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In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Several analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Philip Morris International in a report on Tuesday, June 20th. Piper Jaffray Companies set a $134.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a report on Thursday, September 28th. SBG Securities raised 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. Finally, BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $123.92.

Philip Morris International Inc (NYSE PM) opened at 111.54 on Friday. The firm has a market capitalization of $173.24 billion, a PE ratio of 24.72 and a beta of 0.93. The company has a 50 day moving average of $114.93 and a 200 day moving average of $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 earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.09). The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Tuesday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s payout ratio is 94.90%.

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)

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