Reilly Financial Advisors LLC boosted its stake in Philip Morris International Inc (NYSE:PM) by 14.0% during the second quarter, Holdings Channel reports. The firm owned 6,990 shares of the company’s stock after buying an additional 857 shares during the period. Reilly Financial Advisors LLC’s holdings in Philip Morris International were worth $821,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Philip Morris International during the fourth quarter valued at about $106,000. Gradient Investments LLC raised its stake in 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 Philip Morris International during the first quarter valued at about $113,000. American Beacon Advisors Inc. purchased a new stake in Philip Morris International during the first quarter valued at about $114,000. Finally, Acropolis Investment Management LLC purchased a new stake in Philip Morris International during the first quarter valued at about $117,000. 72.45% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Inc (NYSE:PM) traded down 0.81% during trading on Tuesday, hitting $114.92. 1,048,867 shares of the company traded hands. The stock has a 50 day moving average price of $118.90 and a 200 day moving average price of $112.12. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a market capitalization of $178.49 billion, a P/E ratio of 25.46 and a beta of 0.93.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Wednesday, June 21st. Philip Morris International’s dividend payout ratio is currently 92.24%.

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Several research firms have issued reports on PM. Jefferies Group LLC reaffirmed a “hold” rating and set a $121.00 price target on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price target on the stock. in a research report on Monday, May 8th. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price target on shares of Philip Morris International in a research report on Wednesday, April 19th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $118.00 price objective on shares of Philip Morris International in a research report on Sunday, April 23rd. One equities 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’s stock. The stock presently has an average 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.

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

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