Philip Morris International Inc. (PM) Stake Raised by HPM Partners LLC

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HPM Partners LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 1.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 64,722 shares of the company’s stock after purchasing an additional 703 shares during the quarter. HPM Partners LLC’s holdings in Philip Morris International were worth $5,226,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Philip Morris International by 4.4% during 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 position in Philip Morris International by 23.9% during 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 position in Philip Morris International by 1.5% during 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 position in Philip Morris International by 48.1% during 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, Gardner Russo & Gardner LLC lifted its position in Philip Morris International by 2.3% during the 1st quarter. Gardner Russo & Gardner LLC now owns 10,380,319 shares of the company’s stock worth $1,031,804,000 after buying an additional 237,310 shares in the last quarter. Institutional investors own 72.88% of the company’s stock.

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

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

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

A number of research firms have issued reports on PM. ValuEngine downgraded shares of Philip Morris International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Jefferies Financial Group restated a “buy” rating and set a $93.00 target price on shares of Philip Morris International in a research report on Friday, July 13th. Morgan Stanley cut their target price on shares of Philip Morris International from $111.00 to $102.00 and set an “overweight” rating on the stock 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 on the stock. in a research report on Friday, July 20th. Finally, Citigroup set a $90.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research report on Friday, July 20th. 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 stock. Philip Morris International presently has an average rating of “Hold” and an average target price of $103.36.

About Philip Morris International

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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