AQR Capital Management LLC reduced its holdings in shares of Philip Morris International Inc (NYSE:PM) by 20.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 747,833 shares of the company’s stock after selling 190,863 shares during the period. AQR Capital Management LLC’s holdings in Philip Morris International were worth $84,430,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. State Street Corp boosted its holdings in shares of Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after acquiring an additional 1,058,408 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Philip Morris International by 3.9% in the first quarter. Legal & General Group Plc now owns 7,211,588 shares of the company’s stock valued at $814,358,000 after acquiring an additional 268,119 shares in the last quarter. Swiss National Bank boosted its holdings in shares of 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 acquiring an additional 1,189,800 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of 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 acquiring an additional 251,734 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Philip Morris International by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,064,097 shares of the company’s stock valued at $571,737,000 after acquiring an additional 218,999 shares in the last quarter. 72.02% of the stock is currently owned by institutional investors.

Philip Morris International Inc (PM) traded down 1.56% during trading on Friday, hitting $117.06. 3,660,047 shares of the stock were exchanged. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock’s 50-day moving average price is $116.44 and its 200-day moving average price is $115.19. The firm has a market cap of $181.82 billion, a PE ratio of 25.94 and a beta of 0.94.

Philip Morris International (NYSE:PM) last posted 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. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the prior year, the company posted $1.15 earnings per share. Philip Morris International’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc will post $4.83 EPS for the current year.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the company’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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by corporate insiders.

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Several brokerages have recently weighed in on PM. Berenberg Bank set a $96.00 target price on shares of Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC boosted their price objective on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $118.00 to $119.00 in a report on Friday, August 11th. Finally, Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a report on Monday, June 19th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $122.79.

Philip Morris International 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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