Teachers Retirement System of The State of Kentucky decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 502,060 shares of the company’s stock after selling 2,239 shares during the quarter. Philip Morris International accounts for approximately 0.7% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 16th largest position. Teachers Retirement System of The State of Kentucky’s holdings in Philip Morris International were worth $55,734,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PM. Doliver Capital Advisors LP raised its position in shares of Philip Morris International by 8.1% during the third quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock worth $3,303,000 after acquiring an additional 2,242 shares during the last quarter. Hourglass Capital LLC raised its position in shares of Philip Morris International by 0.9% during the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after acquiring an additional 650 shares during the last quarter. WFG Advisors LP raised its position in shares of Philip Morris International by 30.1% during the second quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock worth $1,498,000 after acquiring an additional 2,951 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after acquiring an additional 4,123 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Philip Morris International by 1.0% during the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock worth $661,401,000 after acquiring an additional 58,900 shares during the last quarter. Hedge funds and other institutional investors own 72.35% of the company’s stock.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc. (PM) opened at $108.92 on Friday. The company has a market capitalization of $169,170.00, a PE ratio of 24.04, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. Philip Morris International Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $123.55.

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 analysts’ consensus estimates of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 EPS. equities analysts expect that Philip Morris International Inc. will post 4.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.93%. Philip Morris International’s dividend payout ratio is presently 94.48%.

A number of research firms have recently weighed in on PM. Jefferies Group dropped their target price on Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. Piper Jaffray Companies set a $135.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Sunday, October 15th. Wells Fargo & Co restated an “outperform” rating and set a $140.00 target price on shares of Philip Morris International in a research report on Tuesday, October 10th. Cowen restated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Goldman Sachs Group upgraded 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $125.31.

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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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