Mogy Joel R Investment Counsel Inc. lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,075 shares of the company’s stock after selling 1,500 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Philip Morris International were worth $5,781,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in 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 in the last quarter. BlackRock Inc. grew its holdings in 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 in the last quarter. FMR LLC grew its holdings in 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 in the last quarter. Alliancebernstein L.P. grew its holdings in 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 in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in 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 buying an additional 1,869,411 shares in the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.

A number of brokerages have issued reports on PM. Jefferies Group cut their price objective on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $135.00 price objective (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Citigroup cut their price objective on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $130.00 price objective on shares of Philip Morris International in a report on Sunday, October 22nd. Finally, Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $124.54.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.

Philip Morris International Inc. (NYSE:PM) opened at $105.79 on Thursday. Philip Morris International Inc. has a fifty-two week low of $90.15 and a fifty-two week high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The firm has a market cap of $164,310.00, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.90 and a beta of 0.89.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share 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 business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts predict that Philip Morris International Inc. will post 4.75 EPS for the current year.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 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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