Pacific Center for Financial Services held its position in shares of Philip Morris International Inc (NYSE:PM) during the first quarter, Holdings Channel reports. The fund owned 2,731 shares of the company’s stock at the end of the first quarter. Pacific Center for Financial Services’ holdings in Philip Morris International were worth $308,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lau Associates LLC boosted its position in Philip Morris International by 2.0% in the first quarter. Lau Associates LLC now owns 5,476 shares of the company’s stock worth $618,000 after buying an additional 110 shares during the last quarter. Park National Corp OH boosted its position in Philip Morris International by 2.1% in the first quarter. Park National Corp OH now owns 17,638 shares of the company’s stock worth $1,991,000 after buying an additional 362 shares during the last quarter. Bath Savings Trust Co boosted its position in Philip Morris International by 0.6% in the first quarter. Bath Savings Trust Co now owns 13,182 shares of the company’s stock worth $1,488,000 after buying an additional 75 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in Philip Morris International by 2.9% in the first quarter. Integrated Investment Consultants LLC now owns 3,600 shares of the company’s stock worth $406,000 after buying an additional 100 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in Philip Morris International by 0.7% in the first quarter. Franklin Street Advisors Inc. NC now owns 6,814 shares of the company’s stock worth $769,000 after buying an additional 48 shares during the last quarter. 72.30% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Inc (NYSE PM) remained flat at $117.73 during mid-day trading on Thursday. 823,532 shares of the company’s stock were exchanged. The stock has a market capitalization of $182.86 billion, a PE ratio of 26.09 and a beta of 0.93. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The firm has a 50 day moving average of $117.34 and a 200-day moving average of $113.49.

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

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A number of research analysts have recently commented on the stock. Jefferies Group LLC reissued a “hold” rating and set a $121.00 target price on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 target price on the stock. in a research report on Monday, May 8th. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and boosted their target price for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Cowen and Company reissued an “outperform” rating and set a $120.00 target price on shares of Philip Morris International in a research report on Wednesday, April 19th. Finally, BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $121.79.

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.

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

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