BancorpSouth Bank lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 47,361 shares of the company’s stock after buying an additional 975 shares during the quarter. BancorpSouth Bank’s holdings in Philip Morris International were worth $3,824,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Optimum Investment Advisors bought a new position in Philip Morris International in the 1st quarter worth about $100,000. Aristotle Capital Management LLC bought a new position in Philip Morris International in the 1st quarter worth about $119,000. Shine Investment Advisory Services Inc. boosted its stake in Philip Morris International by 90.7% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after purchasing an additional 592 shares during the period. Clearwater Capital Advisors LLC bought a new position in Philip Morris International in the 1st quarter worth about $128,000. Finally, Landaas & Co. WI ADV bought a new position in Philip Morris International in the 2nd quarter worth about $106,000. Institutional investors own 72.77% of the company’s stock.

Several research analysts have commented on PM shares. Morgan Stanley cut their target price on Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, July 17th. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Friday, August 24th. Citigroup set a $90.00 target price on Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, ValuEngine downgraded Philip Morris International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $103.36.

Shares of PM opened at $78.57 on Friday. The stock has a market cap of $124.76 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of -2.76. Philip Morris International Inc. has a 12-month low of $76.21 and a 12-month high of $119.43.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 19th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.18. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.53 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. equities analysts forecast that Philip Morris International Inc. will post 5.05 earnings per share for the current year.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Further Reading: Diversification in Your Portfolio

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

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