Winslow Evans & Crocker Inc. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 33.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,250 shares of the company’s stock after selling 627 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Philip Morris International were worth $139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Acropolis Investment Management LLC boosted its position in shares of Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the last quarter. Novare Capital Management LLC lifted its position in Philip Morris International by 0.3% in the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after buying an additional 5 shares during the last quarter. Hudock Capital Group LLC lifted its position in Philip Morris International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after buying an additional 8 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in Philip Morris International by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after buying an additional 10 shares during the last quarter. Finally, Vantage Investment Advisors LLC lifted its position in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Philip Morris International Inc. (NYSE:PM) opened at $104.37 on Thursday. 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 company has a market capitalization of $167,699.31, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. Philip Morris International Inc. has a 12 month low of $89.97 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. equities analysts predict that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be paid a $1.07 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.10%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

A number of analysts recently weighed in on PM shares. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Wells Fargo & Company restated an “outperform” rating and issued a $140.00 target price on shares of Philip Morris International in a research report on Tuesday, October 10th. Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price for the company in a research report on Thursday, September 28th. Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Bank of America dropped their target price 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Philip Morris International has an average rating of “Hold” and a consensus target price of $124.23.

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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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