Dempze Nancy E acquired a new position in Philip Morris International Inc (NYSE:PM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,095 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors also recently modified their holdings of PM. Moody Lynn & Lieberson LLC increased its position in shares of Philip Morris International by 3.3% during the second quarter. Moody Lynn & Lieberson LLC now owns 11,373 shares of the company’s stock valued at $1,336,000 after acquiring an additional 366 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Philip Morris International by 9.3% during the second quarter. Shell Asset Management Co. now owns 325,504 shares of the company’s stock valued at $38,230,000 after acquiring an additional 27,767 shares during the last quarter. Balasa Dinverno & Foltz LLC increased its position in shares of Philip Morris International by 12.9% during the second quarter. Balasa Dinverno & Foltz LLC now owns 3,245 shares of the company’s stock valued at $381,000 after acquiring an additional 372 shares during the last quarter. Mechanics Bank Trust Department increased its position in shares of Philip Morris International by 0.3% during the second quarter. Mechanics Bank Trust Department now owns 62,163 shares of the company’s stock valued at $7,301,000 after acquiring an additional 205 shares during the last quarter. Finally, Aviance Capital Partners LLC increased its position in shares of Philip Morris International by 3.1% during the second quarter. Aviance Capital Partners LLC now owns 4,904 shares of the company’s stock valued at $576,000 after acquiring an additional 148 shares during the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

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A number of brokerages recently commented on PM. Jefferies Group LLC reaffirmed a “hold” rating and set a $120.00 price target (down from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. Cowen and Company reaffirmed a “buy” rating and set a $135.00 price target on shares of Philip Morris International in a research report on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 price target on Philip Morris International and gave the company a “buy” rating in a research report on Saturday, August 19th. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and increased their price target for the company from $118.00 to $119.00 in a research report on Friday, August 11th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $122.79.

Philip Morris International Inc (PM) opened at 115.79 on Friday. The company has a market capitalization of $179.84 billion, a price-to-earnings ratio of 25.66 and a beta of 0.94. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a 50 day moving average price of $116.22 and a 200-day moving average price of $115.56.

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 analysts’ consensus estimates of $1.23 by ($0.09). The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. Philip Morris International’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Equities analysts predict that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a yield of 3.70%. Philip Morris International’s payout ratio is currently 92.24%.

Philip Morris International 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.

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

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