CENTRAL TRUST Co decreased its position in Philip Morris International Inc. (NYSE:PM) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,161 shares of the company’s stock after selling 1,174 shares during the period. Philip Morris International makes up about 1.4% of CENTRAL TRUST Co’s portfolio, making the stock its 13th largest position. CENTRAL TRUST Co’s holdings in Philip Morris International were worth $19,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new position in shares of Philip Morris International during the second quarter worth about $272,521,000. State Street Corp increased its position in shares of Philip Morris International by 3.3% in the first quarter. State Street Corp now owns 57,800,062 shares of the company’s stock worth $5,670,770,000 after buying an additional 1,821,500 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Philip Morris International during the second quarter worth about $173,009,000. TIAA CREF Investment Management LLC increased its position in shares of Philip Morris International by 16.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,939,086 shares of the company’s stock worth $778,904,000 after buying an additional 1,111,511 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Philip Morris International during the first quarter worth about $107,852,000. Institutional investors own 71.61% of the company’s stock.

Philip Morris International Inc. (NYSE:PM) traded up 0.562% on Tuesday, reaching $99.375. 2,006,851 shares of the company traded hands. The firm has a 50 day moving average price of $99.74 and a 200 day moving average price of $99.57. The stock has a market capitalization of $154.16 billion, a price-to-earnings ratio of 23.774 and a beta of 0.97. Philip Morris International Inc. has a 52-week low of $78.03 and a 52-week high of $104.20.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by $0.05. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.77 billion. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. During the same quarter in the previous year, the firm posted $1.21 EPS. Equities research analysts predict that Philip Morris International Inc. will post $4.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Wednesday, September 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Monday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s payout ratio is presently 97.61%.

A number of equities research analysts recently commented on PM shares. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $104.50 price objective on the stock in a research note on Monday, May 23rd. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Wells Fargo & Co. reissued an “outperform” rating on shares of Philip Morris International in a research note on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $106.00 to $114.00 in a research note on Monday, September 12th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $104.60.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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