Richard C. Young & CO. LTD. reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,016 shares of the company’s stock after selling 4,005 shares during the quarter. Philip Morris International accounts for about 1.8% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 23rd largest position. Richard C. Young & CO. LTD.’s holdings in Philip Morris International were worth $9,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Guidant Wealth Advisors boosted its holdings in shares of Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares in the last quarter. NewSquare Capital LLC boosted its holdings in Philip Morris International by 6,572.3% during the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after acquiring an additional 100,228 shares during the period. Vantage Investment Advisors LLC boosted its holdings in Philip Morris International by 1.0% during the 2nd 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 during the period. Acropolis Investment Management LLC boosted its holdings in Philip Morris International by 0.5% during 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 period. Finally, Financial Engines Advisors L.L.C. boosted its holdings in Philip Morris International by 399.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after acquiring an additional 962 shares during the period. Hedge funds and other institutional investors own 72.35% of the company’s stock.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction that occurred on 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 accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies restated an “overweight” rating and set a $137.00 target price (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price for the company in a report on Thursday, September 28th. Wells Fargo & Co restated an “outperform” rating and set a $140.00 target price on shares of Philip Morris International in a report on Tuesday, October 10th. Finally, Citigroup dropped their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $125.31.

Philip Morris International Inc. (PM) opened at $108.92 on Monday. The company has a market capitalization of $169,174.86, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.97 and a beta of 0.89. 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 Inc. has a 52-week low of $94.07 and a 52-week high of $123.55.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s payout ratio is 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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