North Star Investment Management Corp. cut its stake in Philip Morris International Inc. (NYSE:PM) by 4.4% in the fourth quarter, HoldingsChannel reports. The firm owned 16,096 shares of the company’s stock after selling 749 shares during the period. North Star Investment Management Corp.’s holdings in Philip Morris International were worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Guidant Wealth Advisors lifted its stake in shares of Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares during the period. Vantage Investment Advisors LLC lifted its stake in shares of Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after purchasing an additional 10 shares during the period. Financial Engines Advisors L.L.C. lifted its stake in shares of Philip Morris International by 399.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after purchasing an additional 962 shares during the period. Bank of Nova Scotia Trust Co. acquired a new position in shares of Philip Morris International in the 3rd quarter valued at $135,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Philip Morris International by 13.9% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock valued at $144,000 after purchasing an additional 150 shares during the period. Institutional investors own 72.38% of the company’s stock.

Several equities analysts recently issued reports on PM shares. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday, January 19th. Bank of America decreased their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Finally, Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $124.36.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $100.39 on Friday. The company has a market cap of $155,930.00, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.96 and a beta of 0.85. 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 1-year low of $96.66 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. Philip Morris International’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. analysts expect that Philip Morris International Inc. will post 4.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s payout ratio is presently 94.48%.

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About Philip Morris International

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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