Commonwealth Equity Services Inc increased its position in Philip Morris International Inc. (NYSE:PM) by 2.5% in the third quarter, Holdings Channel reports. The fund owned 493,387 shares of the company’s stock after buying an additional 11,972 shares during the period. Commonwealth Equity Services Inc’s holdings in Philip Morris International were worth $54,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PM. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the last quarter. BlackRock Inc. raised its stake in shares of Philip Morris International by 2.7% during the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the last quarter. FMR LLC raised its stake in shares of Philip Morris International by 12.5% during the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Philip Morris International by 57.8% during the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Philip Morris International by 132.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 3,284,971 shares of the company’s stock valued at $364,665,000 after acquiring an additional 1,869,411 shares during the period. Institutional investors own 72.36% of the company’s stock.

Shares of Philip Morris International Inc. (PM) opened at $104.50 on Friday. Philip Morris International Inc. has a 12-month low of $89.97 and a 12-month 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. The company has a market capitalization of $162,310.00, a PE ratio of 23.07, a PEG ratio of 1.88 and a beta of 0.89.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. analysts predict 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 was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.10%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s payout ratio is 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

PM has been the topic of a number of analyst reports. Cowen restated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price on the stock in a research report on Thursday, September 28th. Jefferies Group restated a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a research report on Thursday, September 28th. Wells Fargo & Co restated an “outperform” rating and set a $140.00 target price on shares of Philip Morris International in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $135.00 target price on Philip Morris International and gave the company a “buy” rating in a research report on Sunday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $124.77.

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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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