Founders Capital Management reduced its stake in Philip Morris International Inc (NYSE:PM) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,642 shares of the company’s stock after selling 20 shares during the period. Philip Morris International makes up about 2.6% of Founders Capital Management’s portfolio, making the stock its 9th largest position. Founders Capital Management’s holdings in Philip Morris International were worth $2,894,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in shares of Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares during the last quarter. Legal & General Group Plc raised its position in shares of Philip Morris International by 3.9% in the first quarter. Legal & General Group Plc now owns 7,211,588 shares of the company’s stock valued at $814,358,000 after buying an additional 268,119 shares during the last quarter. Swiss National Bank raised its position 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 valued at $646,548,000 after buying an additional 1,189,800 shares during the last quarter. UBS Asset Management Americas Inc. raised its position 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Philip Morris International by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,064,097 shares of the company’s stock valued at $571,737,000 after buying an additional 218,999 shares during the last quarter. 72.45% of the stock is currently owned by institutional investors.

Shares of Philip Morris International Inc (PM) traded up 0.79% during mid-day trading on Monday, reaching $115.67. The company had a trading volume of 1,086,296 shares. The company has a market capitalization of $179.66 billion, a price-to-earnings ratio of 25.63 and a beta of 0.93. 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.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Philip Morris International’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. On average, equities research analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current year.

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

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PM has been the subject of several recent analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Vetr upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 price target for the company in a research note on Tuesday, May 16th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock currently has an average 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.

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

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