Smith Shellnut Wilson LLC ADV decreased its holdings in shares of Philip Morris International Inc (NYSE:PM) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,602 shares of the company’s stock after selling 172 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Philip Morris International were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of PM. Private Trust Co. NA grew its stake in Philip Morris International by 1.5% in the second quarter. Private Trust Co. NA now owns 40,824 shares of the company’s stock valued at $4,794,000 after purchasing an additional 585 shares in the last quarter. Iberiabank Corp grew its stake in Philip Morris International by 188.9% in the second quarter. Iberiabank Corp now owns 39,371 shares of the company’s stock valued at $4,624,000 after purchasing an additional 25,741 shares in the last quarter. Daiwa SB Investments Ltd. grew its stake in Philip Morris International by 1.4% in the second quarter. Daiwa SB Investments Ltd. now owns 86,180 shares of the company’s stock valued at $10,122,000 after purchasing an additional 1,180 shares in the last quarter. RB Capital Management LLC grew its stake in Philip Morris International by 1.3% in the second quarter. RB Capital Management LLC now owns 4,246 shares of the company’s stock valued at $499,000 after purchasing an additional 56 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC grew its stake in Philip Morris International by 3.8% in the second quarter. Dynamic Advisors Solutions LLC now owns 10,496 shares of the company’s stock valued at $1,233,000 after purchasing an additional 381 shares in the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.

A number of brokerages have commented on PM. Jefferies Group LLC restated a “hold” rating and issued a $120.00 target price (down previously from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Cowen and Company restated a “buy” rating and issued a $135.00 target price on shares of Philip Morris International in a research note on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Saturday, August 19th. BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and boosted their target price for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $122.79.

In other 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 value of $1,624,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.

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Shares of Philip Morris International Inc (NYSE:PM) traded down 0.04% during mid-day trading on Friday, hitting $112.88. The company’s stock had a trading volume of 1,251,186 shares. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The company has a 50-day moving average price of $116.11 and a 200-day moving average price of $115.73. The stock has a market cap of $175.32 billion, a PE ratio of 25.01 and a beta of 0.94.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. Philip Morris International’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS. Analysts predict that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th will be issued a $1.07 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date is Tuesday, September 26th. This represents a $4.28 annualized dividend and a dividend yield of 3.80%. Philip Morris International’s dividend payout ratio (DPR) is presently 92.24%.

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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