First Citizens Bank & Trust Co. decreased its position in shares of Philip Morris International Inc (NYSE:PM) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,688 shares of the company’s stock after selling 1,535 shares during the period. First Citizens Bank & Trust Co.’s holdings in Philip Morris International were worth $3,135,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. American National Bank boosted its position in Philip Morris International by 19.8% in the first quarter. American National Bank now owns 1,737 shares of the company’s stock worth $196,000 after buying an additional 287 shares during the last quarter. BKD Wealth Advisors LLC boosted its position in Philip Morris International by 7.1% in the first quarter. BKD Wealth Advisors LLC now owns 9,100 shares of the company’s stock worth $1,027,000 after buying an additional 600 shares during the last quarter. Visionary Asset Management Inc. boosted its position in Philip Morris International by 2.2% in the first quarter. Visionary Asset Management Inc. now owns 31,753 shares of the company’s stock worth $3,585,000 after buying an additional 676 shares during the last quarter. Private Bank & Trust Co. boosted its position in Philip Morris International by 1.4% in the first quarter. Private Bank & Trust Co. now owns 45,798 shares of the company’s stock worth $5,171,000 after buying an additional 616 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. boosted its position in Philip Morris International by 3.7% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 19,065 shares of the company’s stock worth $2,152,000 after buying an additional 674 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up 0.73% during trading on Tuesday, reaching $116.38. The company’s stock had a trading volume of 913,250 shares. The stock has a 50 day moving average of $116.89 and a 200-day moving average of $114.25. The company has a market capitalization of $180.76 billion, a PE ratio of 25.79 and a beta of 0.93. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.09. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.15 earnings per share. On average, analysts expect that Philip Morris International Inc will post $4.82 earnings per share for the current year.

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A number of research analysts recently commented on PM shares. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the stock a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC boosted their price target on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and boosted their price target for the stock from $118.00 to $119.00 in a report on Friday, August 11th. Finally, Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target on the stock. in a report on Monday, June 19th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Philip Morris International has an average rating of “Buy” and a consensus target price of $122.79.

Philip Morris International Company Profile

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)

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