Nwam LLC boosted its position in shares of Philip Morris International Inc (NYSE:PM) by 14.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,937 shares of the company’s stock after buying an additional 494 shares during the quarter. Nwam LLC’s holdings in Philip Morris International were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. C WorldWide Group Holding A S boosted its position in shares of Philip Morris International by 70.9% in the 1st quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after purchasing an additional 1,255,776 shares during the period. Swiss National Bank boosted its position in shares of Philip Morris International by 26.2% in the 1st quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after purchasing an additional 1,189,800 shares during the period. State Street Corp boosted its position in shares of Philip Morris International by 1.8% in the 1st quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after purchasing an additional 1,058,408 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of Philip Morris International by 11,280.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 862,200 shares of the company’s stock valued at $7,341,000 after purchasing an additional 854,624 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Philip Morris International by 42.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock valued at $236,086,000 after purchasing an additional 618,100 shares during the period. 72.01% of the stock is owned by institutional investors and hedge funds.

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

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Shares of Philip Morris International Inc (NYSE:PM) opened at 111.54 on Friday. The company has a 50-day moving average price of $114.93 and a 200 day moving average price of $115.73. The stock has a market capitalization of $173.24 billion, a P/E ratio of 24.72 and a beta of 0.93. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

The firm 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 $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.84%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Tuesday, September 26th. Philip Morris International’s payout ratio is presently 94.90%.

PM has been the subject of a number of recent analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. BidaskClub lowered Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target for the company. in a research report on Monday, June 19th. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $123.92.

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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