Philip Morris International Inc. (PM) Position Lessened by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC cut its holdings in Philip Morris International Inc. (NYSE:PM) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,536 shares of the company’s stock after selling 2,609 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Philip Morris International were worth $38,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PM. Cambridge Investment Research Advisors Inc. boosted its position in Philip Morris International by 6.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 137,492 shares of the company’s stock valued at $15,263,000 after acquiring an additional 8,151 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Philip Morris International by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,036,041 shares of the company’s stock valued at $226,008,000 after acquiring an additional 60,807 shares in the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO boosted its position in Philip Morris International by 1.6% during the 3rd quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 40,741 shares of the company’s stock valued at $4,523,000 after acquiring an additional 658 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in Philip Morris International by 521.0% during the 3rd quarter. HighPoint Advisor Group LLC now owns 41,516 shares of the company’s stock valued at $4,268,000 after acquiring an additional 34,831 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Philip Morris International by 10.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 781,845 shares of the company’s stock valued at $92,764,000 after acquiring an additional 73,754 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

In other 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 transaction of $11,811,144.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.

PM has been the topic of several research reports. Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a research report on Thursday, September 28th. Jefferies Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $135.00 price objective on Philip Morris International and gave the company a “buy” rating in a research report on Sunday, October 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Philip Morris International presently has an average rating of “Hold” and an average target price of $124.23.

Philip Morris International Inc. (NYSE:PM) opened at $104.86 on Friday. Philip Morris International Inc. has a 1-year low of $89.97 and a 1-year high of $123.55. The stock has a market cap of $162,870.00, a P/E ratio of 23.15, a PEG ratio of 1.88 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 released its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 previous year, the business posted $1.25 earnings per share. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts predict that Philip Morris International Inc. will post 4.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 4.08%. Philip Morris International’s payout ratio is 94.48%.

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Philip Morris International Company 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.

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

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