Partnervest Advisory Services LLC decreased its holdings in shares of Philip Morris International Inc (NYSE:PM) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,931 shares of the company’s stock after selling 130 shares during the quarter. Partnervest Advisory Services LLC’s holdings in Philip Morris International were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PM. Amerigo Asset Management acquired a new stake in Philip Morris International during the 2nd quarter valued at $209,061,000. Canada Pension Plan Investment Board lifted its holdings in Philip Morris International by 60.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,353,310 shares of the company’s stock valued at $393,846,000 after purchasing an additional 1,262,200 shares during the last quarter. C WorldWide Group Holding A S lifted its holdings in Philip Morris International by 70.9% during 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 last quarter. Swiss National Bank lifted its holdings in Philip Morris International by 26.2% during 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 last quarter. Finally, State Street Corp lifted its holdings in Philip Morris International by 1.8% during 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 last quarter. 72.00% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Inc (PM) opened at 109.52 on Friday. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The company has a 50-day moving average price of $113.93 and a 200-day moving average price of $115.70. The firm has a market cap of $170.11 billion, a P/E ratio of 24.27 and a beta of 0.93.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.11). The firm 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 was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. On average, equities research analysts forecast that Philip Morris International Inc will post $4.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th were paid a dividend of $1.07 per share. This is an increase 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 is presently 94.48%.

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In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on the company. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and raised their price target for the company from $118.00 to $119.00 in a report on Friday, August 11th. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $120.00 price target on shares of Philip Morris International in a report on Thursday, September 28th. Finally, Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Buy” and an average price target of $125.00.

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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