Girard Partners LTD. raised its holdings in Philip Morris International Inc. (NYSE:PM) by 8.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 37,926 shares of the company’s stock after acquiring an additional 2,929 shares during the period. Girard Partners LTD.’s holdings in Philip Morris International were worth $4,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Vanguard Group Inc. lifted its position in Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after purchasing an additional 2,972,929 shares during the last quarter. BlackRock Inc. lifted its position in Philip Morris International by 2.7% during the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after purchasing an additional 2,421,533 shares during the last quarter. FMR LLC lifted its position in Philip Morris International by 12.5% during the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after purchasing an additional 2,330,864 shares during the last quarter. Legal & General Group Plc lifted its position in Philip Morris International by 2.9% during the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock valued at $871,687,000 after purchasing an additional 210,869 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Philip Morris International by 6.1% during the second quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock valued at $816,852,000 after purchasing an additional 397,015 shares during the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $104.50 on Tuesday. The firm has a market cap of $162,310.00, a P/E ratio of 23.07, a PEG ratio of 1.89 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. Philip Morris International Inc. has a 1-year low of $89.97 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. research analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s payout ratio is 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

Several equities research analysts have issued reports on PM shares. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research report on Thursday, November 16th. Jefferies Group dropped their target price on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Bank of America lowered their price objective on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $124.77.

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Philip Morris International Company 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.

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

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