Regal Investment Advisors LLC lifted its stake in Philip Morris International Inc (NYSE:PM) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,563 shares of the company’s stock after buying an additional 23 shares during the period. Regal Investment Advisors LLC’s holdings in Philip Morris International were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Guidant Wealth Advisors lifted its stake in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in Philip Morris International during the first quarter worth $114,000. Vantage Investment Advisors LLC lifted its stake in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the last quarter. Acropolis Investment Management LLC lifted its stake in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in Philip Morris International during the second quarter worth $178,000. Institutional investors and hedge funds own 72.63% of the company’s stock.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on PM shares. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Goldman Sachs Group upgraded Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price for the company in a research note on Thursday, September 28th. Cowen restated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Jefferies Group restated a “hold” rating and set a $120.00 target price (down from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $140.00 target price on shares of Philip Morris International in a research note on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus target price of $124.23.

Shares of Philip Morris International Inc (NYSE:PM) traded up $1.60 on Wednesday, hitting $107.06. The stock had a trading volume of 1,388,840 shares, compared to its average volume of 4,124,628. Philip Morris International Inc has a one year low of $87.67 and a one year high of $123.55. The company has a market cap of $162,480.55, a PE ratio of 23.30, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. 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 announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. research analysts anticipate that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/12/06/regal-investment-advisors-llc-buys-23-shares-of-philip-morris-international-inc-pm.html.

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)

Receive News & Stock Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related stocks with our FREE daily email newsletter.