Bedrijfstakpensioenfonds Voor DE Media PNO increased its stake in Philip Morris International Inc (NYSE:PM) by 218.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,083 shares of the company’s stock after buying an additional 27,483 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Philip Morris International were worth $4,708,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PM. Acropolis Investment Management LLC increased its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares in the last quarter. Hudock Capital Group LLC increased its stake in shares of Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after buying an additional 10 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its stake in shares of Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock valued at $669,000 after buying an additional 20 shares in the last quarter. Argent Capital Management LLC increased its stake in shares of Philip Morris International by 0.6% in the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after buying an additional 20 shares in the last quarter. Finally, Quotient Investors LLC increased its stake in shares of Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after buying an additional 22 shares in the last quarter. 72.33% of the stock is owned by institutional investors.

Philip Morris International Inc (PM) traded up 0.24% on Friday, reaching $114.76. 4,567,961 shares of the company were exchanged. The stock has a market capitalization of $178.24 billion, a P/E ratio of 25.43 and a beta of 0.93. The company’s 50-day moving average price is $118.90 and its 200-day moving average price is $112.12. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 EPS. Equities research analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.62%. Philip Morris International’s dividend payout ratio (DPR) is presently 92.24%.

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Several brokerages have recently issued reports on PM. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Group LLC increased their price objective on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Citigroup Inc. increased their price objective on shares of Philip Morris International from $107.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Finally, Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective for the company. in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $122.00.

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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