Wsfs Capital Management LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 18.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,079 shares of the company’s stock after selling 674 shares during the quarter. Wsfs Capital Management LLC’s holdings in Philip Morris International were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Fundsmith Equity Fund L.P. purchased a new position in Philip Morris International during the 2nd quarter worth approximately $845,763,000. Flossbach Von Storch AG grew its position in Philip Morris International by 48.1% during the 2nd quarter. Flossbach Von Storch AG now owns 14,212,696 shares of the company’s stock worth $1,147,533,000 after purchasing an additional 4,618,289 shares in the last quarter. Morgan Stanley boosted its stake in shares of Philip Morris International by 23.9% during the 2nd quarter. Morgan Stanley now owns 22,738,044 shares of the company’s stock valued at $1,835,871,000 after buying an additional 4,386,487 shares during the period. Coronation Fund Managers Ltd. boosted its stake in shares of Philip Morris International by 1,884.4% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 3,877,270 shares of the company’s stock valued at $313,051,000 after buying an additional 3,681,882 shares during the period. Finally, Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at $277,027,000. Hedge funds and other institutional investors own 72.55% of the company’s stock.

PM stock opened at $85.50 on Thursday. Philip Morris International Inc. has a 1 year low of $76.21 and a 1 year high of $111.25. The firm has a market capitalization of $136.74 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.01 and a beta of 0.58.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the previous year, the business earned $1.27 EPS. Philip Morris International’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts forecast that Philip Morris International Inc. will post 5.01 earnings per share for the current year.

A number of equities research analysts have issued reports on PM shares. Cowen lowered shares of Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a research note on Friday, July 20th. Citigroup set a $90.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 20th. Stifel Nicolaus decreased their target price on shares of Philip Morris International from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, July 20th. JPMorgan Chase & Co. lowered shares of Philip Morris International from an “overweight” rating to a “neutral” rating in a research note on Friday, July 20th. Finally, Societe Generale lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average target price of $98.08.

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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.

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

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