Philip Morris International Inc. (PM) Holdings Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 502,060 shares of the company’s stock after selling 2,239 shares during the period. Philip Morris International makes up about 0.7% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 16th largest position. Teachers Retirement System of The State of Kentucky’s holdings in Philip Morris International were worth $55,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Guidant Wealth Advisors grew its holdings in shares of Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares in the last quarter. Vantage Investment Advisors LLC grew its holdings in shares of Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in shares of Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of Philip Morris International by 399.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after purchasing an additional 962 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Philip Morris International by 13.9% during the 2nd 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 in the last quarter. 72.35% of the stock is currently owned by institutional investors.

Shares of Philip Morris International Inc. (PM) opened at $108.92 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 $169,170.00, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.90 and a beta of 0.89. Philip Morris International Inc. has a one year low of $94.07 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The company 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%. Philip Morris International’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. equities analysts forecast that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s dividend payout ratio is 94.48%.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’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 SEC, which is accessible through this link. 0.23% of the stock is owned by insiders.

PM has been the topic of several recent research reports. 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 raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised 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 analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $125.31.

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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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