Aberdeen Asset Management PLC UK cut its holdings in Philip Morris International Inc (NYSE:PM) by 9.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,254,220 shares of the company’s stock after selling 467,995 shares during the quarter. Philip Morris International comprises approximately 1.7% of Aberdeen Asset Management PLC UK’s portfolio, making the stock its 11th largest holding. Aberdeen Asset Management PLC UK owned about 0.27% of Philip Morris International worth $480,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swiss National Bank increased its stake in Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after purchasing an additional 1,189,800 shares during the period. UBS Asset Management Americas Inc. increased its stake in Philip Morris International by 4.9% in the first quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock valued at $604,524,000 after purchasing an additional 251,734 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Philip Morris International by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,357,568 shares of the company’s stock valued at $491,969,000 after purchasing an additional 18,903 shares during the period. Parametric Portfolio Associates LLC increased its stake in Philip Morris International by 10.5% in the first quarter. Parametric Portfolio Associates LLC now owns 4,013,000 shares of the company’s stock valued at $453,068,000 after purchasing an additional 380,659 shares during the period. Finally, C WorldWide Group Holding A S increased its stake in Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after purchasing an additional 1,255,776 shares during the period. Institutional investors own 72.02% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) traded up 0.616% during mid-day trading on Wednesday, hitting $118.395. 880,524 shares of the company’s stock traded hands. The stock has a market cap of $183.89 billion, a P/E ratio of 26.234 and a beta of 0.94. The stock has a 50 day moving average price of $116.63 and a 200-day moving average price of $115.12. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 business had revenue of $6.92 billion during 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 for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. Equities research analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

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In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.23% of the company’s stock.

PM has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. BidaskClub lowered shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr upgraded shares of Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price target on the stock in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $133.00 price target (down from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus 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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