Clear Perspective Advisors LLC Sells 498 Shares of Philip Morris International Inc. (NYSE:PM)

Clear Perspective Advisors LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,632 shares of the company’s stock after selling 498 shares during the period. Clear Perspective Advisors LLC’s holdings in Philip Morris International were worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. Virtu Financial LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at approximately $2,075,000. Viking Fund Management LLC increased its holdings in shares of Philip Morris International by 3.5% in the second quarter. Viking Fund Management LLC now owns 59,000 shares of the company’s stock valued at $5,847,000 after purchasing an additional 2,000 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in shares of Philip Morris International by 7.6% in the second quarter. Vident Investment Advisory LLC now owns 67,721 shares of the company’s stock valued at $6,712,000 after purchasing an additional 4,787 shares in the last quarter. Premier Fund Managers Ltd increased its holdings in shares of Philip Morris International by 8.7% in the second quarter. Premier Fund Managers Ltd now owns 86,104 shares of the company’s stock valued at $8,433,000 after purchasing an additional 6,882 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Philip Morris International by 637.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 370,625 shares of the company’s stock valued at $32,881,000 after purchasing an additional 320,339 shares in the last quarter. 75.05% of the stock is owned by institutional investors.

A number of research firms have commented on PM. Morgan Stanley reaffirmed a “buy” rating and set a $110.00 target price on shares of Philip Morris International in a report on Friday, July 2nd. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b” rating in a research report on Tuesday, July 20th. Barclays set a $98.59 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Friday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Philip Morris International from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $102.60.

PM traded up $0.92 during trading on Thursday, hitting $98.39. The company had a trading volume of 46,707 shares, compared to its average volume of 4,408,336. The company has a market capitalization of $153.34 billion, a PE ratio of 17.19, a PEG ratio of 1.95 and a beta of 0.84. Philip Morris International Inc. has a one year low of $68.93 and a one year high of $106.51. The firm’s 50-day moving average price is $100.71 and its 200 day moving average price is $97.95.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Monday, July 19th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.55 by $0.02. The firm had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.71 billion. Philip Morris International had a net margin of 11.13% and a negative return on equity of 91.56%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. Equities research analysts predict that Philip Morris International Inc. will post 6.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Wednesday, September 29th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Tuesday, September 28th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.20. Philip Morris International’s dividend payout ratio is presently 96.71%.

In other Philip Morris International news, CEO Martin G. King sold 21,725 shares of the company’s stock in a transaction that occurred on Tuesday, July 27th. The shares were sold at an average price of $100.18, for a total value of $2,176,410.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Philip Morris International Profile

Philip Morris International, Inc is a holding company. It engages in manufacturing and sale of cigarettes, tobacco and nicotine-containing products. It operates through the following geographical segments: European Union, Eastern Europe, Middles East & Africa, South & Southeast Asia, East Asia & Australia and Latin America & Canada.

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

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