Iowa State Bank grew its holdings in shares of Philip Morris International Inc (NYSE:PM) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,123 shares of the company’s stock after purchasing an additional 30 shares during the quarter. Iowa State Bank’s holdings in Philip Morris International were worth $719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of Philip Morris International by 1.4% during the 1st quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock valued at $58,076,000 after acquiring an additional 7,050 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Philip Morris International by 42.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock valued at $236,086,000 after acquiring an additional 618,100 shares during the period. Swiss National Bank grew its stake in shares of Philip Morris International by 26.2% during the 1st quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after acquiring an additional 1,189,800 shares during the period. USA Mutuals Advisors Inc. grew its stake in shares of Philip Morris International by 2.5% during the 1st quarter. USA Mutuals Advisors Inc. now owns 102,500 shares of the company’s stock valued at $11,572,000 after acquiring an additional 2,500 shares during the period. Finally, First Manhattan Co. grew its stake in shares of Philip Morris International by 1.6% during the 1st quarter. First Manhattan Co. now owns 1,724,204 shares of the company’s stock valued at $167,627,000 after acquiring an additional 26,507 shares during the period. 72.01% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

Philip Morris International Inc (NYSE:PM) traded down 0.71% on Friday, hitting $111.01. The stock had a trading volume of 3,912,773 shares. The company has a 50-day moving average of $116.11 and a 200 day moving average of $115.73. The company has a market cap of $172.42 billion, a PE ratio of 24.60 and a beta of 0.94. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.86%. Philip Morris International’s payout ratio is currently 94.90%.

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PM has been the subject of a number of recent research reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $133.00 price objective (down from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. BidaskClub downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Jefferies Group LLC reiterated a “hold” rating and set a $120.00 price objective (down from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Finally, Cowen and Company reiterated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $123.92.

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.

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

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