Security Asset Management continued to hold its position in Philip Morris International Inc (NYSE:PM) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,373 shares of the company’s stock at the end of the second quarter. Philip Morris International makes up approximately 1.5% of Security Asset Management’s investment portfolio, making the stock its 29th biggest holding. Security Asset Management’s holdings in Philip Morris International were worth $1,806,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PM. Acropolis Investment Management LLC lifted its position in shares of Philip Morris International by 0.5% during 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 in the last quarter. Baystate Wealth Management LLC lifted its position in shares of Philip Morris International by 0.3% during 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 in the last quarter. Hudock Capital Group LLC lifted its position in shares of Philip Morris International by 0.3% during 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 in the last quarter. Cape ANN Savings Bank lifted its position in shares of Philip Morris International by 0.7% during 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 in the last quarter. Finally, Cornerstone Advisors Inc. lifted its position in shares of Philip Morris International by 0.6% during 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 in the last quarter. Hedge funds and other institutional investors own 72.01% of the company’s stock.

Shares of Philip Morris International Inc (PM) opened at 111.27 on Friday. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The firm has a 50-day moving average of $114.80 and a 200 day moving average of $115.71. The company has a market cap of $172.82 billion, a P/E ratio of 24.66 and a beta of 0.93.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results 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). The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. Equities analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal 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 given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s payout ratio is 94.90%.

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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 shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.23% of the company’s stock.

PM has been the topic of a number of research reports. BidaskClub lowered shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Vetr lowered shares of 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. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 target price on shares of Philip Morris International in a research report on Tuesday, June 20th. Berenberg Bank set a $96.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. Finally, Bank of America Corporation upped their target price on shares of Philip Morris International from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, July 10th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average 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.

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

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