Viking Fund Management LLC held its stake in Philip Morris International Inc (NYSE:PM) during the second quarter, Holdings Channel reports. The fund owned 32,000 shares of the company’s stock at the end of the second quarter. Viking Fund Management LLC’s holdings in Philip Morris International were worth $3,758,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PM. C WorldWide Group Holding A S boosted its stake in Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after buying an additional 1,255,776 shares during the last quarter. Swiss National Bank boosted its stake in 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. State Street Corp boosted its stake in 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. Canada Pension Plan Investment Board boosted its stake 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 valued at $236,086,000 after buying an additional 618,100 shares during the last quarter. Finally, Karp Capital Management Corp boosted its stake in Philip Morris International by 4,117.4% in the first quarter. Karp Capital Management Corp now owns 561,679 shares of the company’s stock valued at $63,414,000 after buying an additional 548,361 shares during the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Philip Morris International Inc (NYSE PM) traded up 0.63% during mid-day trading on Wednesday, reaching $115.39. The company had a trading volume of 1,016,581 shares. The firm has a 50-day moving average price of $118.47 and a 200 day moving average price of $112.17. The firm has a market capitalization of $179.22 billion, a price-to-earnings ratio of 25.57 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.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 EPS. Analysts expect that Philip Morris International Inc will post $4.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend 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. Vetr upgraded 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 Wednesday, April 26th. Jefferies Group LLC set a $111.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a report on Wednesday, April 19th. BidaskClub downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Tuesday, July 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price target on shares of Philip Morris International in a report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $122.00.

Philip Morris International Company Profile

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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