CAPROCK Group Inc. grew its stake in shares of Philip Morris International Inc (NYSE:PM) by 257.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,041 shares of the company’s stock after purchasing an additional 7,229 shares during the period. CAPROCK Group Inc.’s holdings in Philip Morris International were worth $1,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. Welch Investments LLC purchased a new stake in shares of Philip Morris International in the 1st quarter worth about $113,000. American Beacon Advisors Inc. purchased a new stake in shares of Philip Morris International in the 1st quarter worth about $114,000. Acropolis Investment Management LLC boosted its position in shares of Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Philip Morris International by 75.0% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after buying an additional 750 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its position in shares of Philip Morris International by 23.2% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock worth $199,000 after buying an additional 332 shares in the last quarter. Institutional investors own 72.01% of the company’s stock.

Several equities research analysts recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 price objective on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research report on Monday, June 19th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $133.00 price objective (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $123.92.

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In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.

Philip Morris International Inc (NYSE PM) opened at 111.54 on Friday. The firm has a market cap of $173.24 billion, a P/E ratio of 24.72 and a beta of 0.93. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The stock’s 50 day moving average is $114.93 and its 200-day moving average is $115.73.

Philip Morris International (NYSE:PM) last released 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). Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend 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 yield of 3.84%. Philip Morris International’s dividend payout ratio (DPR) is presently 94.90%.

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.

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

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