Resources Investment Advisors Inc. reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 18.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,964 shares of the company’s stock after selling 2,266 shares during the period. Resources Investment Advisors Inc.’s holdings in Philip Morris International were worth $153,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Optimum Investment Advisors purchased a new position in shares of Philip Morris International during the 1st quarter worth about $100,000. Shine Investment Advisory Services Inc. boosted its stake in shares of Philip Morris International by 90.7% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after purchasing an additional 592 shares during the period. Landaas & Co. WI ADV purchased a new position in shares of Philip Morris International during the 2nd quarter worth about $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Philip Morris International during the 2nd quarter worth about $108,000. Finally, Cordasco Financial Network boosted its stake in shares of Philip Morris International by 214.1% during the 2nd quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock worth $110,000 after purchasing an additional 925 shares during the period. 72.88% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on PM. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Monday, July 30th. JPMorgan Chase & Co. cut shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. Stifel Nicolaus dropped their price target on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $93.00 price target on shares of Philip Morris International in a research note on Friday, July 13th. Finally, Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Philip Morris International presently has a consensus rating of “Hold” and an average target price of $103.36.

Philip Morris International stock opened at $79.33 on Friday. The stock has a market capitalization of $124.44 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.76 and a beta of 0.82. The company has a debt-to-equity ratio of -2.76, a current ratio of 1.15 and a quick ratio of 0.64. Philip Morris International Inc. has a 1 year low of $76.21 and a 1 year high of $116.72.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 19th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.18. The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. research analysts expect that Philip Morris International Inc. will post 5.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th will be given a $1.14 dividend. The ex-dividend date is Tuesday, September 25th. This represents a $4.56 annualized dividend and a yield of 5.75%. Philip Morris International’s dividend payout ratio (DPR) is 92.49%.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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