Cadinha & Co. LLC raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,988 shares of the company’s stock after buying an additional 527 shares during the period. Cadinha & Co. LLC’s holdings in Philip Morris International were worth $703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guidant Wealth Advisors increased its stake in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the period. Welch Investments LLC bought a new position in shares of Philip Morris International in the first quarter worth about $113,000. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International in the first quarter worth about $114,000. Acropolis Investment Management LLC increased its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the period. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Philip Morris International by 75.0% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after purchasing an additional 750 shares during the period. Institutional investors own 72.00% of the company’s stock.

A number of equities analysts have recently commented on the company. Bank of America Corporation dropped their price objective on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research note on Friday. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup Inc. dropped their price objective on Philip Morris International from $125.00 to $117.00 and set a “neutral” rating on the stock in a research note on Friday. Piper Jaffray Companies set a $135.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research note on Sunday, October 15th. Finally, Jefferies Group LLC dropped their price objective on Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $125.15.

In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

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Shares of Philip Morris International Inc (NYSE PM) opened at 109.52 on Friday. The firm’s 50-day moving average price is $113.93 and its 200-day moving average price is $115.70. 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 capitalization of $170.11 billion, a P/E ratio of 24.27 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. Equities analysts predict that Philip Morris International Inc will post $4.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were given a dividend of $1.07 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, September 26th. This represents a $4.28 annualized dividend and a dividend yield of 3.91%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.

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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