Willingdon Wealth Management lifted its stake in Philip Morris International Inc (NYSE:PM) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,637 shares of the company’s stock after acquiring an additional 335 shares during the period. Willingdon Wealth Management’s holdings in Philip Morris International were worth $545,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PM. State Street Corp increased its position in Philip Morris International by 1.8% in the 1st quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after buying an additional 1,058,408 shares during the period. Legal & General Group Plc increased its position in Philip Morris International by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock worth $871,687,000 after buying an additional 210,869 shares during the period. Swiss National Bank increased its position in Philip Morris International by 26.2% in the 1st quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after buying an additional 1,189,800 shares during the period. Schwab Charles Investment Management Inc. increased its position in Philip Morris International by 8.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,516,954 shares of the company’s stock worth $647,967,000 after buying an additional 452,857 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in Philip Morris International by 4.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock worth $604,524,000 after buying an additional 251,734 shares during the period. 72.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (PM) opened at $103.51 on Tuesday. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The company has a market capitalization of $160,010.95, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.08 and a beta of 0.91. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. Philip Morris International’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. equities analysts forecast that Philip Morris International Inc will post 4.76 earnings per share for the current year.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction 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 disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Several research analysts have commented on the company. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $130.00 price target on shares of Philip Morris International in a research report on Sunday, October 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $114.00 price target on shares of Philip Morris International in a research report on Friday, October 20th. Bank of America Corporation dropped their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Finally, Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus price target of $124.62.

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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.

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

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