Cape ANN Savings Bank raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,142 shares of the company’s stock after buying an additional 15 shares during the period. Cape ANN Savings Bank’s holdings in Philip Morris International were worth $252,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Pegasus Partners Ltd. boosted its position in Philip Morris International by 2.4% in the fourth quarter. Pegasus Partners Ltd. now owns 3,661 shares of the company’s stock valued at $335,000 after buying an additional 86 shares during the period. Auxier Asset Management boosted its position in Philip Morris International by 8.6% in the fourth quarter. Auxier Asset Management now owns 201,358 shares of the company’s stock valued at $18,422,000 after buying an additional 15,864 shares during the period. M Holdings Securities Inc. boosted its position in Philip Morris International by 369.8% in the fourth quarter. M Holdings Securities Inc. now owns 54,450 shares of the company’s stock valued at $6,253,000 after buying an additional 42,859 shares during the period. Whalerock Point Partners LLC boosted its position in Philip Morris International by 5.5% in the fourth quarter. Whalerock Point Partners LLC now owns 5,721 shares of the company’s stock valued at $524,000 after buying an additional 300 shares during the period. Finally, HighPoint Advisor Group LLC boosted its position in Philip Morris International by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 40,625 shares of the company’s stock valued at $4,478,000 after buying an additional 404 shares during the period. 72.45% of the stock is currently owned by institutional investors.

Shares of Philip Morris International Inc (NYSE:PM) traded down 0.671% during midday trading on Thursday, reaching $114.636. The company’s stock had a trading volume of 1,167,564 shares. The firm has a market cap of $178.05 billion, a price-to-earnings ratio of 25.401 and a beta of 0.93. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The company has a 50-day moving average price of $117.87 and a 200-day moving average price of $112.78.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Zacks’ 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%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. Equities analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were paid a $1.04 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.60%. Philip Morris International’s dividend payout ratio is 92.24%.

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Several equities analysts have weighed in on the company. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price on the stock. in a research note on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 price target on shares of Philip Morris International in a research note on Tuesday, June 20th. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $134.00 price target on shares of Philip Morris International in a research note on Thursday, June 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $122.00.

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.

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

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