Koshinski Asset Management Inc. grew its position in Philip Morris International Inc (NYSE:PM) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,729 shares of the company’s stock after purchasing an additional 222 shares during the period. Koshinski Asset Management Inc.’s holdings in Philip Morris International were worth $320,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PM. Quantitative Systematic Strategies LLC bought a new position in Philip Morris International during the first quarter valued at about $3,470,000. Middleton & Co Inc MA bought a new position in Philip Morris International during the first quarter valued at about $212,000. Hartford Financial Management Inc. grew its position in Philip Morris International by 85.0% during the first quarter. Hartford Financial Management Inc. now owns 5,984 shares of the company’s stock valued at $675,000 after buying an additional 2,750 shares during the period. Capital Advisors Ltd. LLC grew its position in Philip Morris International by 0.7% during the first quarter. Capital Advisors Ltd. LLC now owns 4,521 shares of the company’s stock valued at $510,000 after buying an additional 32 shares during the period. Finally, Quotient Investors LLC grew its position in Philip Morris International by 0.4% during the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after buying an additional 22 shares during the period. Institutional investors own 72.01% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) traded down 0.50% during trading on Wednesday, reaching $114.78. 887,848 shares of the company’s stock were exchanged. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The firm has a market cap of $178.27 billion, a price-to-earnings ratio of 25.43 and a beta of 0.94. The stock has a 50-day moving average price of $116.11 and a 200 day moving average price of $115.73.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the previous year, the company earned $1.15 EPS. Philip Morris International’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.71%. Philip Morris International’s payout ratio is 92.24%.

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In related news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

PM has been the subject of several research reports. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Berenberg Bank set a $96.00 price target on shares of Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Finally, Citigroup Inc. restated a “neutral” rating and set a $125.00 price target (down previously from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.79.

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.

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

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