Berkshire Asset Management LLC PA lowered its position in Philip Morris International Inc (NYSE:PM) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,910 shares of the company’s stock after selling 1,913 shares during the period. Berkshire Asset Management LLC PA’s holdings in Philip Morris International were worth $3,395,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PM. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Philip Morris International by 2.5% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 37,119 shares of the company’s stock worth $4,191,000 after buying an additional 908 shares in the last quarter. BLB&B Advisors LLC increased its stake in Philip Morris International by 2.5% in the first quarter. BLB&B Advisors LLC now owns 16,335 shares of the company’s stock worth $1,844,000 after buying an additional 400 shares in the last quarter. Integrated Wealth Management increased its stake in Philip Morris International by 0.4% in the first quarter. Integrated Wealth Management now owns 76,432 shares of the company’s stock worth $8,629,000 after buying an additional 342 shares in the last quarter. Atria Investments LLC increased 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 worth $4,782,000 after buying an additional 5,171 shares in the last quarter. Finally, American National Bank increased 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 worth $196,000 after buying an additional 287 shares in the last quarter. 72.02% of the stock is owned by institutional investors.

Shares of Philip Morris International Inc (NYSE PM) traded up 0.29% on Thursday, reaching $116.77. The company’s stock had a trading volume of 1,264,322 shares. The stock has a market cap of $181.37 billion, a P/E ratio of 25.87 and a beta of 0.93. The firm’s 50-day moving average price is $116.89 and its 200-day moving average price is $114.25. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

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. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the business earned $1.15 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts forecast that Philip Morris International Inc will post $4.82 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $121.00 target price on shares of Philip Morris International in a report on Tuesday, June 20th. Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price for the company. in a report on Monday, June 19th. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a report on Friday, June 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $134.00 target price on shares of Philip Morris International in a report on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target 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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