Bowling Portfolio Management LLC trimmed its holdings in shares of Philip Morris International Inc (NYSE:PM) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,409 shares of the company’s stock after selling 17 shares during the period. Bowling Portfolio Management LLC’s holdings in Philip Morris International were worth $870,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PM. Welch Investments LLC acquired a new stake in shares of Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. acquired a new stake in shares of Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC raised its holdings in shares of Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the period. Gemmer Asset Management LLC raised its holdings in shares of Philip Morris International by 40.6% during the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after purchasing an additional 322 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Philip Morris International by 75.0% during the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after purchasing an additional 750 shares during the period. 72.01% of the stock is currently owned by institutional investors.

Philip Morris International Inc (NYSE PM) opened at 112.51 on Monday. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The company has a market cap of $174.75 billion, a price-to-earnings ratio of 24.93 and a beta of 0.94. The company has a 50-day moving average of $116.11 and a 200-day moving average of $115.73.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.80%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International’s payout ratio is currently 92.24%.

In related news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

A number of analysts have weighed in on PM shares. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. BidaskClub cut shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price on the stock. in a report on Monday, June 19th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $133.00 target price (down from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Buy” and a consensus target price of $122.79.

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Philip Morris International Profile

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.

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

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