Rothschild Investment Corp IL lessened its stake in Philip Morris International Inc. (NYSE:PM) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,644 shares of the company’s stock after selling 600 shares during the quarter. Rothschild Investment Corp IL’s holdings in Philip Morris International were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Philip Morris International by 4.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 34,065,506 shares of the company’s stock worth $2,750,449,000 after purchasing an additional 1,421,021 shares during the last quarter. Morgan Stanley raised its position in shares of Philip Morris International by 23.9% in the 2nd quarter. Morgan Stanley now owns 22,738,044 shares of the company’s stock worth $1,835,871,000 after purchasing an additional 4,386,487 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Philip Morris International by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,570,730 shares of the company’s stock worth $1,418,660,000 after purchasing an additional 258,809 shares during the last quarter. Flossbach Von Storch AG raised its position in shares of Philip Morris International by 48.1% in the 2nd quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock worth $1,147,533,000 after purchasing an additional 4,618,289 shares during the last quarter. Finally, Fundsmith Equity Fund L.P. purchased a new position in shares of Philip Morris International in the 2nd quarter worth about $845,763,000. 72.73% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on PM shares. Morgan Stanley decreased their target price on Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, July 17th. Jefferies Financial Group lowered Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Friday, August 24th. ValuEngine raised Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Citigroup set a $90.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 20th. Finally, Cowen lowered Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a research report on Friday, July 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $97.91.

Shares of NYSE:PM opened at $84.56 on Thursday. Philip Morris International Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $112.89. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of -2.76. The stock has a market capitalization of $126.75 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.81 and a beta of 0.79.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 19th. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.18. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that Philip Morris International Inc. will post 5.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Wednesday, September 26th were given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend was Tuesday, September 25th. Philip Morris International’s payout ratio is currently 92.49%.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Featured Article: Understanding Price to Earnings Ratio (PE)

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.