Financial Architects Inc cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.8% in the first quarter, HoldingsChannel reports. The firm owned 4,688 shares of the company’s stock after selling 568 shares during the period. Financial Architects Inc’s holdings in Philip Morris International were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Solstein Capital LLC acquired a new position in Philip Morris International during the fourth quarter valued at $28,000. Key Financial Inc acquired a new position in shares of Philip Morris International in the first quarter worth about $41,000. Howard Wealth Management LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth about $43,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth about $48,000. Finally, S.A. Mason LLC acquired a new position in shares of Philip Morris International in the fourth quarter worth about $49,000. Institutional investors own 73.67% of the company’s stock.

A number of brokerages have weighed in on PM. Panmure Gordon upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, April 3rd. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group upped their price target on shares of Philip Morris International from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Cfra upped their price target on shares of Philip Morris International from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Cowen upgraded shares of Philip Morris International from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $90.00 to $102.00 in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $91.14.

PM traded down $0.18 during midday trading on Friday, reaching $67.78. 3,726,950 shares of the company’s stock were exchanged, compared to its average volume of 6,346,438. The stock has a market capitalization of $106.10 billion, a PE ratio of 13.78, a P/E/G ratio of 2.20 and a beta of 0.79. The business’s 50-day moving average price is $73.19 and its 200 day moving average price is $81.19. Philip Morris International Inc. has a 1-year low of $56.01 and a 1-year high of $90.17.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Philip Morris International had a net margin of 9.75% and a negative return on equity of 84.38%. The business had revenue of $7.15 billion during the quarter, compared to the consensus estimate of $6.87 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 4.95 earnings per share for the current fiscal year.

In related news, insider Marc S. Firestone sold 22,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $86.27, for a total value of $1,897,940.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $87.50, for a total transaction of $4,375,000.00. Following the completion of the sale, the chief executive officer now directly owns 882,385 shares in the company, valued at $77,208,687.50. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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