North Star Investment Management Corp. Lowers Stake in Philip Morris International Inc (NYSE:PM)

North Star Investment Management Corp. lowered its stake in shares of Philip Morris International Inc (NYSE:PM) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,623 shares of the company’s stock after selling 375 shares during the period. North Star Investment Management Corp.’s holdings in Philip Morris International were worth $1,651,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Baird Financial Group Inc. boosted its stake in shares of Philip Morris International by 2.6% in the fourth quarter. Baird Financial Group Inc. now owns 160,277 shares of the company’s stock valued at $14,664,000 after buying an additional 4,118 shares during the last quarter. Haverford Trust Co. boosted its stake in shares of Philip Morris International by 0.5% in the fourth quarter. Haverford Trust Co. now owns 387,984 shares of the company’s stock valued at $35,497,000 after buying an additional 2,082 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Philip Morris International by 2.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 3,551,069 shares of the company’s stock valued at $324,887,000 after buying an additional 70,928 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Philip Morris International by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,492,554 shares of the company’s stock valued at $228,053,000 after buying an additional 15,442 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Philip Morris International by 1.3% in the fourth quarter. Private Advisor Group LLC now owns 97,709 shares of the company’s stock valued at $8,837,000 after buying an additional 1,234 shares during the last quarter. 72.33% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Inc (NYSE PM) traded up 0.27% during mid-day trading on Friday, reaching $118.51. 15,993,948 shares of the company’s stock were exchanged. The firm has a market capitalization of $184.07 billion, a P/E ratio of 26.22 and a beta of 0.94. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company’s 50-day moving average is $119.10 and its 200 day moving average is $111.44.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 earnings per share. Equities analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Wednesday, June 21st. Philip Morris International’s payout ratio is 92.24%.

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Several equities research analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 target price on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 target price for the company. in a research report on Monday, May 8th. Cowen and Company reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Philip Morris International in a research report on Wednesday, April 19th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a research report on Sunday, April 23rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.00.

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.

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

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