Cambridge Trust Co. raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,235 shares of the company’s stock after buying an additional 290 shares during the period. Cambridge Trust Co.’s holdings in Philip Morris International were worth $817,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Gradient Investments LLC increased its stake in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares in the last quarter. Welch Investments LLC acquired a new stake in shares of Philip Morris International during the first quarter valued at about $113,000. American Beacon Advisors Inc. acquired a new stake in shares of Philip Morris International during the first quarter valued at about $114,000. Acropolis Investment Management LLC acquired a new stake in shares of Philip Morris International during the first quarter valued at about $117,000. Finally, Gemmer Asset Management LLC increased its stake in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares in the last quarter. 72.30% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.25% on Wednesday, hitting $117.11. The company had a trading volume of 662,189 shares. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The firm has a market capitalization of $181.89 billion, a price-to-earnings ratio of 25.95 and a beta of 0.93. The company has a 50 day moving average price of $117.35 and a 200 day moving average price of $113.46.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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PM has been the subject of several research reports. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price objective on shares of Philip Morris International in a research report on Sunday, April 23rd. BidaskClub cut Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Vetr upgraded Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price objective on the stock in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Tuesday, July 11th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $121.79.

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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