HighTower Advisors LLC lessened its position in shares of Philip Morris International Inc (NYSE:PM) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 493,111 shares of the company’s stock after selling 21,202 shares during the quarter. HighTower Advisors LLC’s holdings in Philip Morris International were worth $57,919,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after buying an additional 2,972,929 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after buying an additional 2,421,533 shares during the last quarter. FMR LLC boosted its stake in shares of Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after buying an additional 2,330,864 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Philip Morris International by 57.8% in the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after buying an additional 2,139,002 shares during the last quarter. Finally, Amerigo Asset Management purchased a new stake in shares of Philip Morris International in the second quarter worth about $209,061,000. Institutional investors and hedge funds own 72.63% of the company’s stock.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

A number of analysts have recently commented on PM shares. Piper Jaffray Companies set a $135.00 target price on Philip Morris International and gave the stock a “buy” rating in a research note on Sunday, October 15th. Goldman Sachs Group started coverage on Philip Morris International in a research note on Monday, October 2nd. They issued a “buy” rating on the stock. Cowen restated a “buy” rating and issued a $135.00 target price on shares of Philip Morris International in a research note on Tuesday, August 22nd. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and issued a $120.00 target price (down previously from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $124.23.

Philip Morris International Inc (NYSE PM) traded down $0.11 during midday trading on Monday, reaching $106.59. The company had a trading volume of 4,611,900 shares, compared to its average volume of 4,130,480. The firm has a market cap of $165,555.89, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.15 and a beta of 0.90. Philip Morris International Inc has a 12 month low of $88.90 and a 12 month high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. equities analysts anticipate that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be issued a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.02%. Philip Morris International’s payout ratio is 94.48%.

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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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