Morningstar Investment Services LLC Sells 11,707 Shares of Philip Morris International Inc. (PM)

Morningstar Investment Services LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 260,902 shares of the company’s stock after selling 11,707 shares during the quarter. Morningstar Investment Services LLC’s holdings in Philip Morris International were worth $28,962,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Guidant Wealth Advisors boosted its position 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 period. NewSquare Capital LLC boosted its position in Philip Morris International by 6,572.3% during the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after purchasing an additional 100,228 shares during the period. Vantage Investment Advisors LLC boosted its position 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 period. Acropolis Investment Management LLC boosted its position in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the period. Finally, Financial Engines Advisors L.L.C. boosted its position in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after acquiring an additional 962 shares during the period. 72.35% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Inc. (NYSE:PM) opened at $105.07 on Friday. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The company has a market capitalization of $164,313.33, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.91 and a beta of 0.89. Philip Morris International Inc. has a 12 month low of $93.23 and a 12 month high of $123.55.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were paid a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.07%. Philip Morris International’s payout ratio is 94.48%.

Several research firms have recently weighed in on PM. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Co reissued an “outperform” rating and issued a $135.00 price objective (down from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Piper Jaffray Companies reissued a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a research report on Sunday, October 22nd. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group began coverage on Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $124.54.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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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.

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

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