USA Mutuals Advisors Inc. boosted its position in shares of Philip Morris International Inc (NYSE:PM) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,500 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Philip Morris International comprises 6.5% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its 2nd biggest holding. USA Mutuals Advisors Inc.’s holdings in Philip Morris International were worth $11,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its holdings in Philip Morris International by 42.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock worth $236,086,000 after acquiring an additional 618,100 shares in the last quarter. Swiss National Bank grew its holdings in Philip Morris International by 26.2% during the 1st quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after acquiring an additional 1,189,800 shares in the last quarter. First Manhattan Co. grew its holdings in Philip Morris International by 1.6% during the 1st quarter. First Manhattan Co. now owns 1,724,204 shares of the company’s stock worth $167,627,000 after acquiring an additional 26,507 shares in the last quarter. Access Financial Services Inc. grew its holdings in Philip Morris International by 5.0% during the 1st quarter. Access Financial Services Inc. now owns 5,853 shares of the company’s stock worth $661,000 after acquiring an additional 280 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in Philip Morris International by 26.8% during the 1st quarter. State of Wisconsin Investment Board now owns 1,415,036 shares of the company’s stock worth $159,758,000 after acquiring an additional 299,308 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction dated 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 through the SEC website. 0.23% of the stock is currently owned by insiders.

Philip Morris International Inc (NYSE PM) traded up 0.85% during mid-day trading on Monday, reaching $118.05. 1,124,719 shares of the company traded hands. The stock has a market capitalization of $183.35 billion, a PE ratio of 26.16 and a beta of 0.94. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The firm’s 50-day moving average is $116.35 and its 200 day moving average is $115.34.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share 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 company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. Philip Morris International’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current year.

Several research analysts have commented on PM shares. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price target for the company. in a report on Monday, May 15th. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. BidaskClub cut shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $122.79.

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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.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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