CSU Producer Resources Inc. maintained its position in Philip Morris International Inc (NYSE:PM) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,000 shares of the company’s stock at the end of the first quarter. Philip Morris International comprises approximately 6.9% of CSU Producer Resources Inc.’s portfolio, making the stock its 5th largest position. CSU Producer Resources Inc.’s holdings in Philip Morris International were worth $1,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Philip Morris International during the fourth quarter worth approximately $106,000. Gradient Investments LLC boosted its position in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the last quarter. Welch Investments LLC purchased a new position in Philip Morris International during the first quarter worth approximately $113,000. Acropolis Investment Management LLC purchased a new position in Philip Morris International during the first quarter worth approximately $117,000. Finally, Gemmer Asset Management LLC boosted its position in Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares during the last quarter. Institutional investors 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 52 week low of $86.78 and a 52 week high of $123.55. The firm’s 50-day moving average price is $118.90 and its 200-day moving average price is $112.12. The stock has a market cap of $178.24 billion, a PE ratio of 25.43 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.09. The company 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 firm’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.15 EPS. Equities analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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

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PM has been the subject of a number of research analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a research note on Sunday, April 23rd. BidaskClub cut Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr upgraded Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Monday, June 26th. Finally, Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price 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.

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

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