Keating Investment Counselors Inc. Decreases Holdings in Philip Morris International Inc. (NYSE:PM)

Keating Investment Counselors Inc. trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 76,202 shares of the company’s stock after selling 980 shares during the period. Philip Morris International comprises 3.7% of Keating Investment Counselors Inc.’s investment portfolio, making the stock its 6th biggest holding. Keating Investment Counselors Inc.’s holdings in Philip Morris International were worth $8,459,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. grew its holdings in Philip Morris International by 11.9% during the 2nd quarter. City Holding Co. now owns 6,416 shares of the company’s stock worth $754,000 after acquiring an additional 681 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in Philip Morris International by 8.9% during the 2nd quarter. Koshinski Asset Management Inc. now owns 2,729 shares of the company’s stock worth $320,000 after acquiring an additional 222 shares in the last quarter. Dynamic Advisors Solutions LLC grew its holdings in Philip Morris International by 3.8% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 10,496 shares of the company’s stock worth $1,233,000 after acquiring an additional 381 shares in the last quarter. RB Capital Management LLC grew its holdings in Philip Morris International by 1.3% during the 2nd quarter. RB Capital Management LLC now owns 4,246 shares of the company’s stock worth $499,000 after acquiring an additional 56 shares in the last quarter. Finally, Daiwa SB Investments Ltd. grew its holdings in Philip Morris International by 1.4% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 86,180 shares of the company’s stock worth $10,122,000 after acquiring an additional 1,180 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc. (PM) traded down $0.43 during trading on Friday, reaching $99.94. 9,900,000 shares of the company’s stock were exchanged, compared to its average volume of 5,350,000. The stock has a market cap of $155,230.00, a P/E ratio of 25.82, a P/E/G ratio of 1.92 and a beta of 0.85. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International Inc. has a 52 week low of $96.66 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 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 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. equities analysts anticipate that Philip Morris International Inc. will post 4.74 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were issued a $1.07 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.28%. Philip Morris International’s dividend payout ratio is presently 110.59%.

Several research analysts have recently issued reports on the stock. Jefferies Group lowered their target price on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Piper Jaffray Companies set a $135.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Sunday, October 15th. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Morgan Stanley upped their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. 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. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $123.79.

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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.

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

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