Bellwether Investment Group LLC cut its holdings in shares of Philip Morris International Inc (NYSE:PM) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,295 shares of the company’s stock after selling 52 shares during the period. Bellwether Investment Group LLC’s holdings in Philip Morris International were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PM. MCF Advisors LLC boosted its position in shares of Philip Morris International by 37.0% during the first quarter. MCF Advisors LLC now owns 2,127 shares of the company’s stock worth $240,000 after buying an additional 575 shares during the period. Greatmark Investment Partners Inc. raised its holdings in Philip Morris International by 2.8% during the first quarter. Greatmark Investment Partners Inc. now owns 9,079 shares of the company’s stock worth $1,025,000 after purchasing an additional 250 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Philip Morris International by 8.5% during the first quarter. Diamond Hill Capital Management Inc. now owns 1,405,451 shares of the company’s stock worth $158,675,000 after purchasing an additional 109,525 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Philip Morris International by 3.8% during the first quarter. Advisors Asset Management Inc. now owns 345,662 shares of the company’s stock worth $39,025,000 after purchasing an additional 12,508 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. raised its holdings in Philip Morris International by 6.2% during the first quarter. Canandaigua National Bank & Trust Co. now owns 6,676 shares of the company’s stock worth $753,000 after purchasing an additional 388 shares in the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.

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In other Philip Morris International 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 transaction of $11,811,144.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 owned by insiders.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price target (down previously from $128.00) on shares of Philip Morris International in a report on Monday, July 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $134.00 price target on shares of Philip Morris International in a report on Monday, July 31st. Finally, BidaskClub cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $124.23.

Shares of Philip Morris International Inc (NYSE:PM) opened at $102.64 on Friday. The stock has a market cap of $159,420.75, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91. Philip Morris International Inc has a fifty-two week low of $86.78 and a fifty-two week high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. analysts anticipate that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

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.

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

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