NEXT Financial Group Inc decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 24.7% in the third quarter, HoldingsChannel reports. The firm owned 7,699 shares of the company’s stock after selling 2,519 shares during the quarter. NEXT Financial Group Inc’s holdings in Philip Morris International were worth $878,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Guidant Wealth Advisors grew its holdings in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the period. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 6,572.3% in the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after acquiring an additional 100,228 shares during the period. Vantage Investment Advisors LLC grew its holdings 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 worth $121,000 after acquiring an additional 10 shares during the period. Acropolis Investment Management LLC grew its holdings in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after acquiring an additional 5 shares during the period. Finally, Financial Engines Advisors L.L.C. grew its holdings in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after acquiring an additional 962 shares during the period. 72.35% of the stock is owned by institutional investors and hedge funds.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. 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.

Several analysts recently commented on the company. Jefferies Group cut their price objective on Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Piper Jaffray Companies set a $135.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Sunday, October 15th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Philip Morris International in a report on Tuesday, October 10th. Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Finally, Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.77.

Shares of Philip Morris International Inc. (NYSE PM) opened at $104.50 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $89.97 and a fifty-two week high of $123.55. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. The stock has a market capitalization of $162,310.00, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.89 and a beta of 0.89.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.10%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio is presently 94.48%.

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About Philip Morris International

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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