South Texas Money Management Ltd. raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,817 shares of the company’s stock after buying an additional 537 shares during the period. South Texas Money Management Ltd.’s holdings in Philip Morris International were worth $1,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Philip Morris International during the fourth quarter valued at $106,000. Gradient Investments LLC increased its stake in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares during the period. Welch Investments LLC purchased a new stake in shares of Philip Morris International during the first quarter valued at $113,000. Acropolis Investment Management LLC purchased a new stake in shares of Philip Morris International during the first quarter valued at $117,000. Finally, Gemmer Asset Management LLC increased its stake in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the period. 72.45% of the stock is currently owned by institutional investors.

Philip Morris International Inc (NYSE PM) opened at 114.76 on Monday. The company’s 50-day moving average is $118.90 and its 200-day moving average is $112.12. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The firm 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 quarterly 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 quarter in the prior year, the company earned $1.15 EPS. On average, analysts predict that Philip Morris International Inc will post $4.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were paid 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 is currently 92.24%.

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PM has been the subject of several recent analyst reports. Jefferies Group LLC set a $111.00 target price on shares of Philip Morris International and gave the company a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company restated an “outperform” rating and issued a $120.00 target price 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 target price for the company in a research note on Thursday, April 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. Finally, Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average 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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