Lee Danner & Bass Inc. cut its position in shares of Philip Morris International Inc (NYSE:PM) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,250 shares of the company’s stock after selling 2,001 shares during the quarter. Philip Morris International accounts for 1.0% of Lee Danner & Bass Inc.’s portfolio, making the stock its 29th biggest holding. Lee Danner & Bass Inc.’s holdings in Philip Morris International were worth $8,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PM. HighTower Advisors LLC lifted its stake in Philip Morris International by 1.4% during the first quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock worth $58,076,000 after purchasing an additional 7,050 shares during the period. Canada Pension Plan Investment Board lifted its stake in Philip Morris International by 42.0% during the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock worth $236,086,000 after purchasing an additional 618,100 shares during the period. Swiss National Bank lifted its stake in Philip Morris International by 26.2% during the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after purchasing an additional 1,189,800 shares during the period. USA Mutuals Advisors Inc. lifted its stake in Philip Morris International by 2.5% during the first quarter. USA Mutuals Advisors Inc. now owns 102,500 shares of the company’s stock worth $11,572,000 after purchasing an additional 2,500 shares during the period. Finally, Access Financial Services Inc. lifted its stake in Philip Morris International by 5.0% during the first quarter. Access Financial Services Inc. now owns 5,853 shares of the company’s stock worth $661,000 after purchasing an additional 280 shares during the period. 72.01% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Inc (NYSE:PM) opened at 111.27 on Friday. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a 50-day moving average of $114.80 and a 200 day moving average of $115.71. The company has a market cap of $172.82 billion, a PE ratio of 24.66 and a beta of 0.93.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. Equities research 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. Stockholders of record on Wednesday, September 27th will be paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, September 26th. This represents a $4.28 annualized dividend and a dividend yield of 3.85%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s dividend payout ratio (DPR) is presently 94.90%.

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PM has been the subject of a number of analyst reports. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Tuesday, July 11th. BidaskClub cut shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Vetr upgraded shares of Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Monday, June 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $123.92.

In other news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by company insiders.

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.

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

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