Chickasaw Capital Management LLC decreased its stake in Philip Morris International Inc (NYSE:PM) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,414 shares of the company’s stock after selling 130 shares during the period. Philip Morris International makes up 0.1% of Chickasaw Capital Management LLC’s holdings, making the stock its 28th largest position. Chickasaw Capital Management LLC’s holdings in Philip Morris International were worth $4,026,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Sanders Morris Harris Inc. increased its stake in Philip Morris International by 15.1% in the third quarter. Sanders Morris Harris Inc. now owns 5,905 shares of the company’s stock valued at $574,000 after buying an additional 775 shares during the period. Dock Street Asset Management Inc. increased its stake in shares of Philip Morris International by 2.3% in the third quarter. Dock Street Asset Management Inc. now owns 2,668 shares of the company’s stock valued at $259,000 after buying an additional 60 shares during the last quarter. YHB Investment Advisors Inc. increased its stake in shares of Philip Morris International by 0.4% in the third quarter. YHB Investment Advisors Inc. now owns 4,062 shares of the company’s stock valued at $395,000 after buying an additional 15 shares during the last quarter. Security National Trust Co. increased its stake in shares of Philip Morris International by 0.6% in the third quarter. Security National Trust Co. now owns 25,737 shares of the company’s stock valued at $2,502,000 after buying an additional 141 shares during the last quarter. Finally, IFC Holdings Incorporated FL increased its stake in shares of Philip Morris International by 7.7% in the third quarter. IFC Holdings Incorporated FL now owns 6,286 shares of the company’s stock valued at $611,000 after buying an additional 448 shares during the last quarter. Institutional investors own 70.15% of the company’s stock.

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

Shares of Philip Morris International Inc (NYSE:PM) traded down 0.105% during trading on Friday, hitting $90.415. The stock had a trading volume of 1,445,101 shares. Philip Morris International Inc has a 12-month low of $84.46 and a 12-month high of $104.20. The stock has a market capitalization of $140.27 billion, a P/E ratio of 21.630 and a beta of 0.88. The stock’s 50-day moving average is $90.43 and its 200-day moving average is $96.21.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.23 by $0.02. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. The business earned $6.98 billion during the quarter, compared to the consensus estimate of $7.01 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Analysts predict that Philip Morris International Inc will post $4.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 22nd were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $4.16 annualized dividend and a dividend yield of 4.60%. Philip Morris International’s dividend payout ratio (DPR) is presently 99.52%.

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Several brokerages recently weighed in on PM. Vetr downgraded Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $98.02 target price for the company. in a research note on Monday, January 2nd. Citigroup Inc. restated a “neutral” rating and set a $106.00 target price on shares of Philip Morris International in a research note on Friday, October 21st. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Bank of America downgraded Philip Morris International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $102.00 to $96.00 in a research note on Wednesday, January 4th. Finally, Jefferies Group restated a “hold” rating and set a $101.00 target price (up previously from $99.00) on shares of Philip Morris International in a research note on Saturday, October 22nd. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $103.47.

In related news, Director Jun Makihara purchased 2,000 shares of the stock in a transaction dated Thursday, November 17th. The stock was bought at an average cost of $89.22 per share, for a total transaction of $178,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company’s stock.

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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