State of Tennessee Treasury Department boosted its position in Philip Morris International Inc (NYSE:PM) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 635,795 shares of the company’s stock after buying an additional 39,894 shares during the period. State of Tennessee Treasury Department’s holdings in Philip Morris International were worth $71,781,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PM. Viking Fund Management LLC increased its stake in Philip Morris International by 6.7% in the first quarter. Viking Fund Management LLC now owns 32,000 shares of the company’s stock worth $3,613,000 after buying an additional 2,000 shares during the period. Tompkins Financial Corp increased its stake in Philip Morris International by 1,860.8% in the first quarter. Tompkins Financial Corp now owns 5,804 shares of the company’s stock worth $569,000 after buying an additional 5,508 shares during the period. 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 during the period. 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 during the period. Finally, 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 during the period. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.77% on Friday, hitting $117.83. The stock had a trading volume of 3,036,762 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 $183.01 billion, a P/E ratio of 26.11 and a beta of 0.94. The company has a 50 day moving average of $116.73 and a 200-day moving average of $114.76.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 EPS. Equities analysts predict that Philip Morris International Inc will post $4.82 EPS for the current fiscal year.

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A number of equities research analysts 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 research 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 on the stock. in a research report on Monday, June 19th. BidaskClub raised 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 given a buy rating to the company. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $122.79.

In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

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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