LS Investment Advisors LLC reduced its position in Philip Morris International Inc (NYSE:PM) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,458 shares of the company’s stock after selling 1,047 shares during the period. LS Investment Advisors LLC’s holdings in Philip Morris International were worth $4,681,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Pioneer Trust Bank N A OR boosted its position in shares of Philip Morris International by 7.4% in the first quarter. Pioneer Trust Bank N A OR now owns 2,756 shares of the company’s stock worth $311,000 after buying an additional 190 shares in the last quarter. Atlas Brown Inc. boosted its position in Philip Morris International by 10.0% in the first quarter. Atlas Brown Inc. now owns 6,645 shares of the company’s stock valued at $750,000 after buying an additional 605 shares during the period. Pure Financial Advisors Inc. boosted its position in Philip Morris International by 11.6% in the first quarter. Pure Financial Advisors Inc. now owns 3,544 shares of the company’s stock valued at $400,000 after buying an additional 367 shares during the period. Independence Advisors LLC acquired a new position in Philip Morris International during the first quarter valued at $244,000. Finally, West Oak Capital LLC boosted its position in Philip Morris International by 4.1% in the first quarter. West Oak Capital LLC now owns 6,300 shares of the company’s stock valued at $711,000 after buying an additional 250 shares during the period. 72.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.09% during midday trading on Monday, hitting $115.43. The company had a trading volume of 386,198 shares. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The firm has a market capitalization of $179.28 billion, a P/E ratio of 25.58 and a beta of 0.93. The firm’s 50-day moving average is $117.20 and its 200-day moving average is $113.64.

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

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