Cincinnati Financial Corp held its stake in shares of Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 825,562 shares of the company’s stock at the end of the first quarter. Philip Morris International accounts for 4.5% of Cincinnati Financial Corp’s investment portfolio, making the stock its 4th largest position. Cincinnati Financial Corp owned about 0.05% of Philip Morris International worth $93,206,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Swiss National Bank raised its stake in shares of Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after buying an additional 1,189,800 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Philip Morris International by 4.9% in the first quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock valued at $604,524,000 after buying an additional 251,734 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Philip Morris International by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,357,568 shares of the company’s stock valued at $491,969,000 after buying an additional 18,903 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Philip Morris International by 10.5% in the first quarter. Parametric Portfolio Associates LLC now owns 4,013,000 shares of the company’s stock valued at $453,068,000 after buying an additional 380,659 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $351,755,000. Institutional investors and hedge funds own 72.33% of the company’s stock.

Philip Morris International Inc (NYSE:PM) opened at 114.76 on Friday. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The firm’s 50-day moving average is $118.90 and its 200 day moving average is $112.12. The stock has a market capitalization of $178.24 billion, a P/E ratio of 25.43 and a beta of 0.93.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share 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 analyst estimates of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.15 earnings per share. On average, equities analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current year.

The firm also recently announced 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. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.62%. Philip Morris International’s dividend payout ratio (DPR) is 92.24%.

TRADEMARK VIOLATION NOTICE: “Philip Morris International Inc (PM) Position Maintained by Cincinnati Financial Corp” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/05/philip-morris-international-inc-pm-position-maintained-by-cincinnati-financial-corp.html.

Several equities research analysts recently commented on PM shares. Jefferies Group LLC set a $111.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company reiterated an “outperform” rating and set a $120.00 price target on shares of Philip Morris International in a research note on Wednesday, April 19th. Vetr upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 price target on the stock in a research note on Thursday, April 20th. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price target on shares of Philip Morris International in a research note on Sunday, April 23rd. Finally, Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $122.00.

About Philip Morris International

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.