Strs Ohio decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 942,022 shares of the company’s stock after selling 123,028 shares during the period. Strs Ohio’s holdings in Philip Morris International were worth $76,812,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 4.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 34,065,506 shares of the company’s stock worth $2,750,449,000 after buying an additional 1,421,021 shares in the last quarter. Morgan Stanley lifted its holdings in Philip Morris International by 23.9% in the 2nd quarter. Morgan Stanley now owns 22,738,044 shares of the company’s stock worth $1,835,871,000 after buying an additional 4,386,487 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Philip Morris International by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,570,730 shares of the company’s stock worth $1,418,660,000 after buying an additional 258,809 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in Philip Morris International by 48.1% in the 2nd quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock worth $1,147,533,000 after buying an additional 4,618,289 shares in the last quarter. Finally, Fundsmith Equity Fund L.P. acquired a new position in Philip Morris International in the 2nd quarter worth $845,763,000. Institutional investors and hedge funds own 72.81% of the company’s stock.

Shares of NYSE:PM opened at $88.83 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of -2.83. Philip Morris International Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $111.25. The stock has a market cap of $136.05 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc. will post 5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Wednesday, September 26th were given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Tuesday, September 25th. Philip Morris International’s dividend payout ratio is presently 92.49%.

PM has been the subject of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $93.00 target price on shares of Philip Morris International in a research report on Friday, July 13th. Morgan Stanley dropped their target price on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, July 17th. Cowen downgraded shares of Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a research report on Friday, July 20th. Citigroup set a $90.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 20th. Finally, Stifel Nicolaus dropped their target price on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Philip Morris International currently has an average rating of “Hold” and a consensus price target of $98.36.

Philip Morris International 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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