Choate Investment Advisors lessened its position in Philip Morris International Inc (NYSE:PM) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,817 shares of the company’s stock after selling 345 shares during the period. Choate Investment Advisors’ holdings in Philip Morris International were worth $1,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Guidant Wealth Advisors increased its holdings in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in shares of Philip Morris International in the first quarter worth $114,000. Vantage Investment Advisors LLC increased its stake in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares in the last quarter. 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 in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new stake in shares of Philip Morris International in the second quarter worth $178,000. Hedge funds and other institutional investors own 72.63% of the company’s stock.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by company insiders.

Philip Morris International Inc (NYSE PM) traded down $0.90 during mid-day trading on Friday, reaching $106.70. 4,040,200 shares of the company’s stock traded hands, compared to its average volume of 4,128,440. Philip Morris International Inc has a fifty-two week low of $88.71 and a fifty-two week high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The company has a market capitalization of $167,124.63, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.18 and a beta of 0.90.

Philip Morris International (NYSE:PM) last released its quarterly earnings data 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). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the business earned $1.25 EPS. Philip Morris International’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts anticipate that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 annualized dividend and a yield of 4.01%. Philip Morris International’s dividend payout ratio (DPR) is currently 94.48%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Piper Jaffray Companies set a $134.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Saturday, August 19th. Goldman Sachs Group upgraded shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price for the company in a research report on Thursday, September 28th. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and upped their target price for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Finally, BidaskClub upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $124.23.

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Philip Morris International Company 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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