Rational Advisors LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 31.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,500 shares of the company’s stock after selling 3,000 shares during the quarter. Rational Advisors LLC’s holdings in Philip Morris International were worth $722,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Acropolis Investment Management LLC grew its stake in Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares in the last quarter. Novare Capital Management LLC grew its stake in Philip Morris International by 0.3% during the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after purchasing an additional 5 shares in the last quarter. Hudock Capital Group LLC grew its stake in Philip Morris International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after purchasing an additional 8 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in Philip Morris International by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after purchasing an additional 10 shares in the last quarter. Finally, Vantage Investment Advisors LLC grew its stake in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Several research analysts recently commented on PM shares. Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Jefferies Group lowered their target price on Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Bank of America lowered their price objective on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Hold” and an average target price of $124.77.

Philip Morris International Inc. (PM) opened at $104.50 on Monday. The stock has a market capitalization of $162,310.00, a PE ratio of 23.07, a PEG ratio of 1.89 and a beta of 0.89. Philip Morris International Inc. has a 1 year low of $89.97 and a 1 year high of $123.55. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last released 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). The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. equities research analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.10%. Philip Morris International’s dividend payout ratio is currently 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

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Philip Morris International 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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