Marshall Wace North America L.P. decreased its stake in Philip Morris International Inc (NYSE:PM) by 26.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,269 shares of the company’s stock after selling 146,103 shares during the period. Marshall Wace North America L.P.’s holdings in Philip Morris International were worth $48,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Comprehensive Portfolio Management LLC acquired a new position in Philip Morris International during the second quarter worth about $669,000. Halbert Hargrove Russell LLC raised its position in Philip Morris International by 1.6% during the second quarter. Halbert Hargrove Russell LLC now owns 2,633 shares of the company’s stock worth $309,000 after acquiring an additional 41 shares during the last quarter. Loudon Investment Management LLC raised its position in Philip Morris International by 1.5% during the second quarter. Loudon Investment Management LLC now owns 2,557 shares of the company’s stock worth $300,000 after acquiring an additional 38 shares during the last quarter. First Personal Financial Services raised its position in Philip Morris International by 12.1% during the second quarter. First Personal Financial Services now owns 2,470 shares of the company’s stock worth $290,000 after acquiring an additional 266 shares during the last quarter. Finally, Cornerstone Capital Inc. raised its position in Philip Morris International by 27.2% during the second quarter. Cornerstone Capital Inc. now owns 3,344 shares of the company’s stock worth $393,000 after acquiring an additional 715 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction that occurred 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 can be accessed through this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

PM has been the subject of a number of recent research reports. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $133.00 price target (down from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Cowen and Company reiterated a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Finally, BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $124.62.

Shares of Philip Morris International Inc (PM) opened at $102.66 on Friday. The firm has a market cap of $159,451.83, a PE ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91. 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 released its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Philip Morris International’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts forecast that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th were paid a dividend of $1.07 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, September 26th. Philip Morris International’s payout ratio is currently 94.48%.

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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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