United Bank VA cut its holdings in Philip Morris International Inc. (NYSE:PM) by 20.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,503 shares of the company’s stock after selling 1,128 shares during the period. United Bank VA’s holdings in Philip Morris International were worth $529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Acropolis Investment Management LLC lifted its stake in 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. Novare Capital Management LLC raised its stake in shares of Philip Morris International by 0.3% in the second quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock valued at $216,000 after acquiring an additional 5 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Philip Morris International by 0.3% in the second quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock valued at $369,000 after acquiring an additional 8 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Philip Morris International by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock valued at $396,000 after acquiring an additional 10 shares in the last quarter. Finally, Vantage Investment Advisors LLC raised its stake in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE PM) opened at $109.68 on Friday. Philip Morris International Inc. has a 12 month low of $88.90 and a 12 month high of $123.55. The firm has a market cap of $167,248.89, a PE ratio of 23.98, a PEG ratio of 2.18 and a beta of 0.90. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be given a $1.07 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.90%. Philip Morris International’s payout ratio is currently 94.48%.

Several brokerages have recently issued reports on PM. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 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. Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a research note on Thursday, September 28th. Wells Fargo & Company reissued an “outperform” rating and issued a $140.00 target price on shares of Philip Morris International in a report on Tuesday, October 10th. Finally, Cowen reissued a “buy” rating and issued a $135.00 target price on shares of Philip Morris International in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $124.23.

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

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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.

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

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