Atwood & Palmer Inc. boosted its stake in shares of Philip Morris International Inc (NYSE:PM) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,200 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Atwood & Palmer Inc.’s holdings in Philip Morris International were worth $1,315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position 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 buying an additional 1,058,408 shares in the last quarter. Legal & General Group Plc increased its position in shares of Philip Morris International by 2.9% in the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock valued at $871,687,000 after buying an additional 210,869 shares in the last quarter. Swiss National Bank increased its position 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 buying an additional 1,189,800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Philip Morris International by 8.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,516,954 shares of the company’s stock valued at $647,967,000 after buying an additional 452,857 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position 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 buying an additional 251,734 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Citigroup Inc. restated a “neutral” rating and issued a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Piper Jaffray Companies restated an “overweight” rating and issued a $134.00 price objective on shares of Philip Morris International in a research report on Monday, July 31st. BidaskClub cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Cowen and Company restated a “buy” rating and issued a $135.00 price objective on shares of Philip Morris International in a research report on Tuesday, August 22nd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus price target of $124.23.

Philip Morris International Inc (PM) opened at $102.54 on Tuesday. The firm has a market capitalization of $159,530.00, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

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

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In other Philip Morris International news, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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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