Flippin Bruce & Porter Inc. decreased its stake in Philip Morris International Inc (NYSE:PM) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,625 shares of the company’s stock after selling 275 shares during the period. Flippin Bruce & Porter Inc.’s holdings in Philip Morris International were worth $1,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Acropolis Investment Management LLC lifted its stake in Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares during the last quarter. Novare Capital Management LLC lifted its stake in Philip Morris International by 0.3% in the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock valued at $216,000 after purchasing an additional 5 shares during the last quarter. Baystate Wealth Management LLC lifted its stake in Philip Morris International by 0.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock valued at $244,000 after purchasing an additional 7 shares during the last quarter. Hudock Capital Group LLC lifted its stake in Philip Morris International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock valued at $369,000 after purchasing an additional 8 shares during the last quarter. Finally, First Capital Advisors Group LLC. lifted its stake in Philip Morris International by 0.3% in the 2nd quarter. First Capital Advisors Group LLC. now owns 3,490 shares of the company’s stock valued at $410,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 72.22% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) opened at $102.64 on Friday. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. Philip Morris International Inc has a 1 year low of $86.78 and a 1 year high of $123.55. The firm has a market cap of $159,420.00, a P/E ratio of 22.88, a PEG ratio of 2.07 and a beta of 0.91.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. analysts predict that Philip Morris International Inc will post 4.76 EPS for the current year.

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In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Several brokerages recently issued reports on PM. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company reiterated an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research note on Wednesday. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $114.00 target price on shares of Philip Morris International in a research note on Friday, October 20th. Finally, Bank of America Corporation cut their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $124.23.

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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