Academy Capital Management Inc. TX cut its position in Philip Morris International Inc. (NYSE:PM) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,313 shares of the company’s stock after selling 439 shares during the period. Philip Morris International comprises approximately 6.1% of Academy Capital Management Inc. TX’s holdings, making the stock its 2nd largest position. Academy Capital Management Inc. TX’s holdings in Philip Morris International were worth $23,071,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company’s stock valued at $101,000 after buying an additional 700 shares during the period. Glassman Wealth Services increased its position in Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock valued at $102,000 after buying an additional 4 shares during the period. Acropolis Investment Management LLC increased its position in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock valued at $107,000 after buying an additional 5 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Philip Morris International during the second quarter valued at about $113,000. Finally, Liberty Capital Management Inc. bought a new position in Philip Morris International during the third quarter valued at about $116,000. Institutional investors and hedge funds own 70.27% of the company’s stock.

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

Shares of Philip Morris International Inc. (NYSE:PM) traded down 0.11% during mid-day trading on Tuesday, hitting $90.14. The company’s stock had a trading volume of 1,001,041 shares. The company has a market cap of $139.84 billion, a PE ratio of 21.56 and a beta of 0.91. The stock has a 50-day moving average of $93.71 and a 200-day moving average of $98.33. Philip Morris International Inc. has a 12-month low of $84.46 and a 12-month high of $104.20.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.02. The business had revenue of $6.98 billion for the quarter, compared to analyst estimates of $7.01 billion. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post $4.53 EPS for the current year.

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A number of brokerages recently commented on PM. Zacks Investment Research lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. reiterated an “outperform” rating on shares of Philip Morris International in a research report on Sunday, September 25th. Wells Fargo & Co. reiterated an “outperform” rating and issued a $115.00 target price on shares of Philip Morris International in a research report on Thursday, September 22nd. Citigroup Inc. began coverage on Philip Morris International in a research report on Tuesday, September 13th. They issued a “neutral” rating and a $106.00 target price on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $110.00 target price on shares of Philip Morris International in a research report on Tuesday, September 27th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Philip Morris International has an average rating of “Buy” and a consensus target price of $104.82.

In related news, Director Jun Makihara bought 2,000 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were acquired at an average price of $89.22 per share, with a total value of $178,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by insiders.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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