Commerce Bank raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,734 shares of the company’s stock after buying an additional 1,984 shares during the period. Commerce Bank’s holdings in Philip Morris International were worth $43,775,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PM. Town & Country Bank & Trust CO dba First Bankers Trust CO raised 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 valued at $4,191,000 after buying an additional 908 shares during the last quarter. BLB&B Advisors LLC raised 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 valued at $1,844,000 after buying an additional 400 shares during the last quarter. Integrated Wealth Management raised 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 valued at $8,629,000 after buying an additional 342 shares during the last quarter. Atria Investments LLC raised 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 last quarter. Finally, American National Bank raised 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 last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.38% on Friday, hitting $117.37. 696,401 shares of the stock were exchanged. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The firm has a market capitalization of $182.30 billion, a PE ratio of 26.01 and a beta of 0.93. The company has a 50-day moving average price of $116.72 and a 200-day moving average price of $114.65.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates 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 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 business earned $1.15 EPS. Equities research analysts expect that Philip Morris International Inc will post $4.82 earnings per share for the current year.

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A number of research analysts have weighed in 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 lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price for the company. in a research report on Monday, June 19th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research 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 research report on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $122.79.

In other news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

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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