Shelter Mutual Insurance Co maintained its stake in Philip Morris International Inc (NYSE:PM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,820 shares of the company’s stock at the end of the 2nd quarter. Philip Morris International comprises 3.1% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 10th largest position. Shelter Mutual Insurance Co’s holdings in Philip Morris International were worth $10,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers grew its position in Philip Morris International by 0.8% during the first quarter. Rhumbline Advisers now owns 2,391,611 shares of the company’s stock valued at $270,013,000 after buying an additional 19,386 shares during the period. Elkhorn Investments LLC bought a new stake in Philip Morris International during the first quarter valued at approximately $1,325,000. Capital Investment Advisory Services LLC bought a new stake in Philip Morris International during the first quarter valued at approximately $285,000. Brick & Kyle Associates grew its position in Philip Morris International by 0.5% during the first quarter. Brick & Kyle Associates now owns 7,040 shares of the company’s stock valued at $795,000 after buying an additional 38 shares during the period. Finally, MCF Advisors LLC grew its position in Philip Morris International by 37.0% during the first quarter. MCF Advisors LLC now owns 2,127 shares of the company’s stock valued at $240,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 72.22% of the company’s stock.

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Philip Morris International Inc (NYSE:PM) opened at $102.64 on Friday. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. 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 cap of $159,420.00, a price-to-earnings ratio of 22.88, a PEG ratio of 2.07 and a beta of 0.91.

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

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Several analysts recently issued reports on PM shares. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $133.00 target price (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Cowen and Company restated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. BidaskClub lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Jefferies Group LLC restated a “hold” rating and set a $120.00 target price (down from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $124.23.

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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