Strategic Financial Group LLC increased its position in shares of Philip Morris International Inc (NYSE:PM) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 3,232 shares of the company’s stock after buying an additional 4 shares during the period. Strategic Financial Group LLC’s holdings in Philip Morris International were worth $365,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Baillie Gifford & Co. increased its position in shares of Philip Morris International by 6.5% in the fourth quarter. Baillie Gifford & Co. now owns 106,590 shares of the company’s stock worth $9,752,000 after buying an additional 6,518 shares in the last quarter. Cantab Capital Partners LLP increased its position in shares of Philip Morris International by 12.5% in the fourth quarter. Cantab Capital Partners LLP now owns 21,765 shares of the company’s stock worth $1,991,000 after buying an additional 2,418 shares in the last quarter. Cpcm LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth approximately $936,000. Gardner Russo & Gardner LLC increased its position in shares of Philip Morris International by 0.5% in the fourth quarter. Gardner Russo & Gardner LLC now owns 10,363,811 shares of the company’s stock worth $948,185,000 after buying an additional 49,798 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth approximately $362,000. Institutional investors and hedge funds own 72.31% of the company’s stock.

Philip Morris International Inc (NYSE:PM) opened at 119.00 on Tuesday. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a market cap of $184.82 billion, a P/E ratio of 26.34 and a beta of 0.94. The firm’s 50-day moving average price is $118.52 and its 200-day moving average price is $107.63.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 20th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.47 billion. Philip Morris International had a net margin of 9.40% and a negative return on equity of 65.44%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Analysts expect that Philip Morris International Inc will post $4.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, June 21st. Philip Morris International’s payout ratio is 92.04%.

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A number of research analysts recently commented on the company. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Tuesday, July 11th. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub downgraded Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Bank of America Corporation increased their price target on Philip Morris International from $123.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, July 10th. Finally, Jefferies Group LLC increased their price target on Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $118.29.

Philip Morris International Company Profile

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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