Crossmark Global Holdings Inc. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,343 shares of the company’s stock, valued at approximately $2,591,000.

Several other hedge funds have also added to or reduced their stakes in PM. Guidant Wealth Advisors increased its position in shares of Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares in the last quarter. Vantage Investment Advisors LLC increased its position in shares of Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares in the last quarter. Acropolis Investment Management LLC increased its position in shares of Philip Morris International by 0.5% during 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 in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of 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 valued at $144,000 after acquiring an additional 150 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Philip Morris International during the second quarter valued at approximately $145,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Several equities research analysts recently weighed in on PM shares. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target for the company in a research report on Thursday, September 28th. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Cowen reissued a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Bank of America reduced their price target on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $124.23.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE PM) opened at $104.11 on Wednesday. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. Philip Morris International Inc. has a 1 year low of $89.97 and a 1 year high of $123.55. The company has a market cap of $162,542.69, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.12 and a beta of 0.90.

Philip Morris International (NYSE:PM) last posted 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). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts expect that Philip Morris International Inc. will post 4.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) 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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