First National Bank of Omaha Cuts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

First National Bank of Omaha decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 9.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,192 shares of the company’s stock after selling 1,086 shares during the period. First National Bank of Omaha’s holdings in Philip Morris International were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dupont Capital Management Corp boosted its holdings in shares of Philip Morris International by 39.3% in the 2nd quarter. Dupont Capital Management Corp now owns 194,221 shares of the company’s stock valued at $15,252,000 after buying an additional 54,796 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Philip Morris International by 11.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 558,230 shares of the company’s stock valued at $43,838,000 after buying an additional 57,445 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Philip Morris International by 41.5% in the 2nd quarter. Invesco Ltd. now owns 30,080,523 shares of the company’s stock valued at $2,362,224,000 after buying an additional 8,824,567 shares in the last quarter. National Pension Service boosted its holdings in shares of Philip Morris International by 6.2% in the 2nd quarter. National Pension Service now owns 1,563,427 shares of the company’s stock valued at $122,776,000 after buying an additional 91,465 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Philip Morris International by 1.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 84,991 shares of the company’s stock valued at $6,675,000 after buying an additional 961 shares in the last quarter. 74.17% of the stock is currently owned by institutional investors and hedge funds.

PM stock opened at $83.57 on Friday. The firm has a 50 day moving average of $78.81 and a 200 day moving average of $80.34. The stock has a market capitalization of $131.00 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Philip Morris International Inc. has a 52 week low of $64.67 and a 52 week high of $92.74.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 17th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Philip Morris International had a net margin of 9.59% and a negative return on equity of 82.33%. Philip Morris International’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. Sell-side analysts anticipate that Philip Morris International Inc. will post 5.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Wednesday, September 25th were given a dividend of $1.17 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.14. This represents a $4.68 dividend on an annualized basis and a yield of 5.60%. Philip Morris International’s dividend payout ratio (DPR) is currently 91.76%.

A number of research firms have recently weighed in on PM. Barclays upgraded shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $82.00 to $100.00 in a report on Friday, July 19th. Stifel Nicolaus restated a “buy” rating on shares of Philip Morris International in a report on Tuesday, October 15th. Bank of America upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Tuesday, October 1st. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Finally, Cowen reiterated a “hold” rating on shares of Philip Morris International in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $92.27.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

Read More: Blue-Chip Stocks

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.