Tredje AP fonden decreased its position in shares of Philip Morris International Inc (NYSE:PM) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,578 shares of the company’s stock after selling 2,997 shares during the period. Tredje AP fonden’s holdings in Philip Morris International were worth $14,194,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in PM. Bank of Montreal Can raised its position in Philip Morris International by 7.2% in the first quarter. Bank of Montreal Can now owns 1,931,493 shares of the company’s stock worth $218,066,000 after buying an additional 128,993 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Philip Morris International by 42.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock worth $236,086,000 after buying an additional 618,100 shares during the last quarter. Trust Co raised its position in Philip Morris International by 4.4% in the fourth quarter. Trust Co now owns 8,230 shares of the company’s stock worth $753,000 after buying an additional 348 shares during the last quarter. Access Financial Services Inc. raised its position in Philip Morris International by 5.0% in the first quarter. Access Financial Services Inc. now owns 5,853 shares of the company’s stock worth $661,000 after buying an additional 280 shares during the last quarter. Finally, First Manhattan Co. raised its position in Philip Morris International by 1.6% in the first quarter. First Manhattan Co. now owns 1,724,204 shares of the company’s stock worth $167,627,000 after buying an additional 26,507 shares during the last quarter. Institutional investors and hedge funds own 72.45% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) opened at 115.86 on Tuesday. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a 50-day moving average price of $118.90 and a 200 day moving average price of $112.12. The firm has a market capitalization of $179.95 billion, a PE ratio of 25.67 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 consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current 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 3.59%. Philip Morris International’s payout ratio is currently 92.24%.

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PM has been the subject of a number of recent research reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective for the company. in a research note on Monday, May 22nd. Cowen and Company restated an “outperform” rating and set a $120.00 target price on shares of Philip Morris International in a research report on Wednesday, April 19th. Finally, Bank of America Corporation raised their target price on Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Philip Morris International 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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