Affinity Investment Advisors LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,538 shares of the company’s stock after selling 607 shares during the period. Affinity Investment Advisors LLC’s holdings in Philip Morris International were worth $563,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capstone Asset Management Co. boosted its stake in shares of Philip Morris International by 2.6% in the first quarter. Capstone Asset Management Co. now owns 24,144 shares of the company’s stock worth $2,369,000 after buying an additional 620 shares during the period. Atalanta Sosnoff Capital LLC boosted its stake in Philip Morris International by 430.4% in the first quarter. Atalanta Sosnoff Capital LLC now owns 140,656 shares of the company’s stock worth $13,800,000 after buying an additional 114,136 shares during the last quarter. Searle & CO. boosted its stake in Philip Morris International by 0.8% in the first quarter. Searle & CO. now owns 30,773 shares of the company’s stock worth $3,070,000 after buying an additional 234 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in Philip Morris International by 7.8% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 156,240 shares of the company’s stock worth $15,329,000 after buying an additional 11,330 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in Philip Morris International by 1.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,596 shares of the company’s stock worth $2,021,000 after buying an additional 220 shares during the last quarter. Institutional investors own 71.22% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE:PM) traded up 0.11% during mid-day trading on Friday, hitting $101.83. 1,662,964 shares of the stock traded hands. Philip Morris International Inc. has a 12 month low of $78.03 and a 12 month high of $104.20. The stock has a market cap of $157.97 billion, a price-to-earnings ratio of 24.36 and a beta of 0.97. The firm has a 50 day moving average of $99.80 and a 200 day moving average of $99.63.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Wednesday, September 28th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Monday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s payout ratio is currently 97.61%.

A number of research firms have recently commented on PM. Citigroup Inc. began coverage on shares of Philip Morris International in a report on Tuesday, September 13th. They set a “neutral” rating and a $106.00 price target on the stock. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Wells Fargo & Co. reiterated an “outperform” rating on shares of Philip Morris International in a report on Tuesday, July 19th. Zacks Investment Research upgraded shares of 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. Finally, Jefferies Group began coverage on shares of Philip Morris International in a report on Wednesday. They set a “hold” rating and a $96.00 price target on the stock. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and an average target price of $104.06.

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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