Philip Morris International Inc. (NYSE:PM) announced a quarterly dividend on Wednesday, September 14th. Shareholders of record on Wednesday, September 28th will be paid a dividend of 1.04 per share on Thursday, October 13th. This represents a $4.16 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Monday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.02.

Shares of Philip Morris International (NYSE:PM) opened at 99.21 on Wednesday. The firm has a market cap of $153.91 billion, a P/E ratio of 23.73 and a beta of 0.97. Philip Morris International has a 12-month low of $78.03 and a 12-month high of $104.20. The firm has a 50-day moving average price of $99.71 and a 200-day moving average price of $99.60.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.05. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.77 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. On average, equities research analysts expect that Philip Morris International will post $4.49 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the company. Analytic Investors LLC increased its stake in shares of Philip Morris International by 661.4% in the second quarter. Analytic Investors LLC now owns 1,407,638 shares of the company’s stock worth $143,185,000 after buying an additional 1,222,768 shares during the period. Teachers Advisors Inc. increased its stake in shares of Philip Morris International by 31.1% in the second quarter. Teachers Advisors Inc. now owns 3,820,475 shares of the company’s stock worth $388,619,000 after buying an additional 907,170 shares during the period. APG Asset Management N.V. increased its stake in shares of Philip Morris International by 18.9% in the second quarter. APG Asset Management N.V. now owns 4,597,273 shares of the company’s stock worth $467,635,000 after buying an additional 731,022 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Philip Morris International by 8.1% in the second quarter. TIAA CREF Investment Management LLC now owns 8,583,827 shares of the company’s stock worth $873,147,000 after buying an additional 644,741 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 27,895,822 shares of the company’s stock worth $2,837,563,000 after buying an additional 514,983 shares during the period. Institutional investors own 71.61% of the company’s stock.

Several brokerages have weighed in on PM. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Tuesday. Citigroup Inc. assumed coverage on Philip Morris International in a report on Tuesday, September 13th. They issued a “neutral” rating and a $106.00 price objective on the stock. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $105.00 price objective (up previously from $99.00) on shares of Philip Morris International in a report on Friday, July 15th. JPMorgan Chase & Co. upgraded Philip Morris International from a “neutral” rating to an “overweight” rating and set a $112.00 price objective on the stock in a report on Friday, June 17th. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Philip Morris International in a report on Thursday, September 15th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $104.60.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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