Strs Ohio Has $77.58 Million Position in Philip Morris International Inc. $PM

Strs Ohio decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 478,298 shares of the company’s stock after selling 23,844 shares during the period. Strs Ohio’s holdings in Philip Morris International were worth $77,580,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $25,000. Traub Capital Management LLC bought a new stake in shares of Philip Morris International during the second quarter worth $25,000. Marquette Asset Management LLC lifted its stake in shares of Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Briaud Financial Planning Inc increased its position in Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the period. Finally, Estabrook Capital Management bought a new stake in Philip Morris International during the 2nd quarter worth about $30,000. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 21st. Barclays reduced their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.56.

Philip Morris International Price Performance

Philip Morris International stock opened at $170.00 on Friday. The company has a market cap of $264.63 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.82 and a beta of 0.40. The firm has a 50-day moving average of $158.87 and a 200-day moving average of $161.65. Philip Morris International Inc. has a one year low of $122.76 and a one year high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Friday, October 24th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.14. The business had revenue of $10.85 billion for the quarter, compared to analyst estimates of $10.67 billion. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.Philip Morris International’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a dividend of $1.47 per share. The ex-dividend date was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.5%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.