Philip Morris International Inc. (PM) Shares Sold by Becker Capital Management Inc.

Becker Capital Management Inc. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,271 shares of the company’s stock after selling 589 shares during the period. Becker Capital Management Inc.’s holdings in Philip Morris International were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PM. Guidant Wealth Advisors lifted its stake in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the last quarter. Vantage Investment Advisors LLC lifted its stake in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the last quarter. Acropolis Investment Management LLC lifted its stake in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Philip Morris International by 13.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after purchasing an additional 150 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new position in shares of Philip Morris International in the second quarter worth about $145,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is owned by insiders.

Several research analysts have recently commented on PM shares. Piper Jaffray Companies set a $130.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Thursday, November 16th. Jefferies Group decreased their price objective on Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Bank of America decreased their price objective on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Philip Morris International has an average rating of “Hold” and a consensus price target of $124.23.

Philip Morris International Inc. (PM) opened at $104.26 on Thursday. Philip Morris International Inc. has a twelve month low of $89.97 and a twelve month high of $123.55. The stock has a market capitalization of $161,940.00, a PE ratio of 23.02, a P/E/G ratio of 1.91 and a beta of 0.89. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts forecast that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Thursday, December 21st will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.11%. Philip Morris International’s dividend payout ratio is presently 94.48%.

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Philip Morris International Profile

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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