Burt Wealth Advisors lifted its position in shares of Philip Morris International Inc (NYSE:PM) by 33.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,613 shares of the company’s stock after purchasing an additional 400 shares during the period. Burt Wealth Advisors’ holdings in Philip Morris International were worth $189,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Philip Morris International by 1.8% during the 1st quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after purchasing an additional 1,058,408 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Philip Morris International by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock worth $871,687,000 after purchasing an additional 210,869 shares during the last quarter. Swiss National Bank increased its stake in shares of Philip Morris International by 26.2% during the 1st quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after purchasing an additional 1,189,800 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Philip Morris International by 8.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,516,954 shares of the company’s stock worth $647,967,000 after purchasing an additional 452,857 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Philip Morris International by 4.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock worth $604,524,000 after purchasing an additional 251,734 shares during the last quarter. Institutional investors own 72.25% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) opened at $103.02 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market cap of $159,141.17, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91. Philip Morris International Inc has a twelve month low of $86.78 and a twelve month high of $123.55.

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 Zacks’ consensus estimate of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. equities research analysts expect that Philip Morris International Inc will post 4.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th were issued a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $4.28 dividend on an annualized basis and a yield of 4.15%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s payout ratio is currently 94.48%.

Several research analysts have recently weighed in on the stock. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $120.00 price target on shares of Philip Morris International in a research note on Thursday, September 28th. BidaskClub lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Cowen and Company reiterated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Philip Morris International in a research note on Monday, October 2nd. They issued a “buy” rating on the stock. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $124.62.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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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.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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