Flippin Bruce & Porter Inc. reduced its stake in shares of Philip Morris International Inc (NYSE:PM) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,900 shares of the company’s stock after selling 580 shares during the period. Flippin Bruce & Porter Inc.’s holdings in Philip Morris International were worth $1,231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Atria Investments LLC boosted its stake in Philip Morris International by 13.9% in the first quarter. Atria Investments LLC now owns 42,352 shares of the company’s stock valued at $4,782,000 after buying an additional 5,171 shares during the period. American National Bank boosted its stake in Philip Morris International by 19.8% in the first quarter. American National Bank now owns 1,737 shares of the company’s stock valued at $196,000 after buying an additional 287 shares during the period. BKD Wealth Advisors LLC boosted its stake in Philip Morris International by 7.1% in the first quarter. BKD Wealth Advisors LLC now owns 9,100 shares of the company’s stock valued at $1,027,000 after buying an additional 600 shares during the period. Visionary Asset Management Inc. boosted its stake in Philip Morris International by 2.2% in the first quarter. Visionary Asset Management Inc. now owns 31,753 shares of the company’s stock valued at $3,585,000 after buying an additional 676 shares during the period. Finally, Private Bank & Trust Co. boosted its stake in Philip Morris International by 1.4% in the first quarter. Private Bank & Trust Co. now owns 45,798 shares of the company’s stock valued at $5,171,000 after buying an additional 616 shares during the period. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) traded down 0.18% during midday trading on Wednesday, hitting $116.34. The company had a trading volume of 912,083 shares. The stock’s 50-day moving average price is $116.89 and its 200-day moving average price is $114.25. The stock has a market capitalization of $180.70 billion, a price-to-earnings ratio of 25.78 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.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.15 earnings per share. Analysts predict that Philip Morris International Inc will post $4.82 EPS for the current year.

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Several equities research analysts have recently commented on PM shares. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. 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 for the company in a research note on Monday, June 26th. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $133.00 target price (down from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average target price of $122.79.

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.

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

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