Financial Counselors Inc. cut its stake in shares of Philip Morris International Inc (NYSE:PM) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,826 shares of the company’s stock after selling 3,583 shares during the period. Philip Morris International accounts for approximately 0.8% of Financial Counselors Inc.’s portfolio, making the stock its 27th largest holding. Financial Counselors Inc.’s holdings in Philip Morris International were worth $16,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in Philip Morris International by 57.8% in the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after purchasing an additional 2,139,002 shares during the last quarter. Amerigo Asset Management acquired a new stake in Philip Morris International during the second quarter worth $209,061,000. Canada Pension Plan Investment Board boosted its position in shares of Philip Morris International by 60.4% during the second quarter. Canada Pension Plan Investment Board now owns 3,353,310 shares of the company’s stock worth $393,846,000 after buying an additional 1,262,200 shares during the period. Swiss National Bank boosted its position in shares of Philip Morris International by 26.2% during the first 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. Finally, State Street Corp lifted its holdings in Philip Morris International by 1.8% during 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 last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.

Philip Morris International Inc (PM) traded up $0.90 during trading on Tuesday, reaching $104.61. 5,179,400 shares of the company’s stock traded hands, compared to its average volume of 4,121,231. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. Philip Morris International Inc has a 52-week low of $87.57 and a 52-week high of $123.55. The company has a market cap of $161,082.67, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.90.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.11). The firm had revenue of $7.50 billion for 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 firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. equities research analysts expect that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Cowen restated a “buy” rating and issued a $135.00 price target on shares of Philip Morris International in a research report on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Saturday, August 19th. BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Jefferies Group restated a “hold” rating and issued a $120.00 price target (down previously from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Finally, SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and raised their price target for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $124.23.

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 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 filing with the SEC, which is available through this link. Company insiders own 0.23% of the company’s stock.

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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.

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

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