Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its stake in Philip Morris International Inc. (NYSE:PM) by 79.0% during the 3rd quarter, Holdings Channel reports. The firm owned 32,864 shares of the company’s stock after selling 123,569 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Philip Morris International were worth $3,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of PM. Cedar Capital LLC raised its position in Philip Morris International by 8.1% in the third quarter. Cedar Capital LLC now owns 11,444 shares of the company’s stock worth $1,270,000 after acquiring an additional 858 shares during the period. Sei Investments Co. raised its position in Philip Morris International by 12.0% in the third quarter. Sei Investments Co. now owns 641,325 shares of the company’s stock worth $71,194,000 after acquiring an additional 68,600 shares during the period. HL Financial Services LLC raised its position in Philip Morris International by 2.2% in the third quarter. HL Financial Services LLC now owns 121,980 shares of the company’s stock worth $13,541,000 after acquiring an additional 2,618 shares during the period. Courier Capital LLC raised its position in Philip Morris International by 19.6% in the third quarter. Courier Capital LLC now owns 5,929 shares of the company’s stock worth $658,000 after acquiring an additional 972 shares during the period. Finally, GW Henssler & Associates Ltd. raised its position in Philip Morris International by 49.2% in the third quarter. GW Henssler & Associates Ltd. now owns 63,889 shares of the company’s stock worth $7,092,000 after acquiring an additional 21,060 shares during the period. Institutional investors own 72.36% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $104.14 on Tuesday. The company has a market cap of $161,750.00, a price-to-earnings ratio of 22.99, a PEG ratio of 1.88 and a beta of 0.89. Philip Morris International Inc. has a 52-week low of $89.97 and a 52-week high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.11%. Philip Morris International’s payout ratio is 94.48%.

Several research analysts have weighed in on PM shares. Piper Jaffray Companies set a $130.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Thursday, November 16th. Jefferies Group decreased their price target on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock 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 decreased their price target on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $124.23.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction 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 company insiders.

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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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