Comerica Securities Inc. Buys 1,486 Shares of Philip Morris International Inc. (PM)

Comerica Securities Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,281 shares of the company’s stock after purchasing an additional 1,486 shares during the quarter. Comerica Securities Inc.’s holdings in Philip Morris International were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Philip Morris International by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 2,849,402 shares of the company’s stock valued at $283,231,000 after acquiring an additional 47,965 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in Philip Morris International by 5.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 166,755 shares of the company’s stock valued at $13,464,000 after acquiring an additional 8,353 shares in the last quarter. Pennsylvania Trust Co lifted its position in Philip Morris International by 2.9% in the 2nd quarter. Pennsylvania Trust Co now owns 39,864 shares of the company’s stock valued at $3,219,000 after acquiring an additional 1,134 shares in the last quarter. Hamlin Capital Management LLC lifted its position in Philip Morris International by 17.7% in the 2nd quarter. Hamlin Capital Management LLC now owns 676,009 shares of the company’s stock valued at $54,581,000 after acquiring an additional 101,590 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in Philip Morris International by 27.7% in the 2nd quarter. CHICAGO TRUST Co NA now owns 43,155 shares of the company’s stock valued at $3,485,000 after acquiring an additional 9,348 shares in the last quarter. Hedge funds and other institutional investors own 72.76% of the company’s stock.

Philip Morris International stock opened at $89.18 on Friday. Philip Morris International Inc. has a 52 week low of $76.21 and a 52 week high of $111.25. The company has a market cap of $138.00 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.03 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the firm earned $1.27 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts forecast that Philip Morris International Inc. will post 5.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Wednesday, September 26th were given a dividend of $1.14 per share. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 annualized dividend and a dividend yield of 5.11%. Philip Morris International’s dividend payout ratio is currently 92.49%.

Several equities analysts recently weighed in on PM shares. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $93.00 price target on shares of Philip Morris International in a research report on Friday, July 13th. Citigroup lifted their target price on shares of Philip Morris International from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Finally, Piper Jaffray Companies set a $99.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average price target of $98.08.

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Philip Morris International Profile

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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