BLB&B Advisors LLC held its stake in Philip Morris International Inc (NYSE:PM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,335 shares of the company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Philip Morris International were worth $1,844,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC increased its position in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares in the last quarter. Baystate Wealth Management LLC increased its position in Philip Morris International by 0.3% in the second quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock worth $244,000 after buying an additional 7 shares in the last quarter. Hudock Capital Group LLC increased its position in Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock worth $354,000 after buying an additional 10 shares in the last quarter. Cape ANN Savings Bank increased its position in Philip Morris International by 0.7% in the second quarter. Cape ANN Savings Bank now owns 2,142 shares of the company’s stock worth $252,000 after buying an additional 15 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its position in Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock worth $669,000 after buying an additional 20 shares in the last quarter. 72.30% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE PM) traded up 0.52% during midday trading on Wednesday, hitting $117.43. 1,125,725 shares of the company were exchanged. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company’s 50 day moving average price is $117.35 and its 200 day moving average price is $113.46. The firm has a market cap of $182.39 billion, a P/E ratio of 26.02 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 EPS. Equities analysts expect that Philip Morris International Inc will post $4.83 EPS for the current year.

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A number of equities analysts have commented on the stock. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $118.00 to $119.00 in a report on Friday, August 11th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $134.00 price objective on shares of Philip Morris International in a report on Monday, July 31st. Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (down previously from $128.00) on shares of Philip Morris International in a report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $121.79.

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.

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

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