MEMBERS Trust Co purchased a new stake in shares of Philip Morris International Inc (NYSE:PM) during the first quarter, Holdings Channel reports. The institutional investor purchased 1,954 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pegasus Partners Ltd. increased its stake in Philip Morris International by 2.4% in the fourth quarter. Pegasus Partners Ltd. now owns 3,661 shares of the company’s stock valued at $335,000 after buying an additional 86 shares during the period. Auxier Asset Management increased its stake in Philip Morris International by 8.6% in the fourth quarter. Auxier Asset Management now owns 201,358 shares of the company’s stock valued at $18,422,000 after buying an additional 15,864 shares during the period. M Holdings Securities Inc. increased its stake in Philip Morris International by 369.8% in the fourth quarter. M Holdings Securities Inc. now owns 54,450 shares of the company’s stock valued at $6,253,000 after buying an additional 42,859 shares during the period. Whalerock Point Partners LLC increased its stake in Philip Morris International by 5.5% in the fourth quarter. Whalerock Point Partners LLC now owns 5,721 shares of the company’s stock valued at $524,000 after buying an additional 300 shares during the period. Finally, HighPoint Advisor Group LLC increased its stake in Philip Morris International by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 40,625 shares of the company’s stock valued at $4,478,000 after buying an additional 404 shares during the period. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded down 0.38% during trading on Thursday, reaching $114.97. 495,515 shares of the company’s stock traded hands. The company has a market capitalization of $178.57 billion, a price-to-earnings ratio of 25.48 and a beta of 0.93. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The company has a 50 day moving average of $117.87 and a 200-day moving average of $112.78.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were issued a $1.04 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 annualized dividend and a yield of 3.60%. Philip Morris International’s dividend payout ratio (DPR) is currently 92.24%.

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Several research firms recently commented on PM. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target for the company. in a research report on Monday, June 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 price target on shares of Philip Morris International in a research report on Tuesday, June 20th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $134.00 price target on shares of Philip Morris International in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.00.

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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