DF Dent & Co. Inc. increased its stake in Philip Morris International Inc (NYSE:PM) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 3,493 shares of the company’s stock after buying an additional 90 shares during the period. DF Dent & Co. Inc.’s holdings in Philip Morris International were worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in 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 boosted its position 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. UBS Asset Management Americas Inc. boosted its position in 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. Schwab Charles Investment Management Inc. boosted its position in 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. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Philip Morris International by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,357,568 shares of the company’s stock valued at $491,969,000 after buying an additional 18,903 shares during the last quarter. 72.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Philip Morris International Inc (PM) traded down 0.368% during mid-day trading on Thursday, reaching $114.985. The company’s stock had a trading volume of 404,669 shares. 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 $178.59 billion, a PE ratio of 25.479 and a beta of 0.93. The firm has a 50-day moving average of $117.87 and a 200-day moving average of $112.78.

Philip Morris International (NYSE:PM) last announced 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. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. Equities research analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 23rd were paid a $1.04 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.60%. Philip Morris International’s dividend payout ratio (DPR) is 92.24%.

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Several research analysts recently commented on PM shares. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research cut 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 target price on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Vetr raised Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 target price for the company in a research note on Tuesday, May 16th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued 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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