Gamble Jones Investment Counsel reduced its stake in Philip Morris International Inc. (NYSE:PM) by 67.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,340 shares of the company’s stock after selling 62,016 shares during the period. Gamble Jones Investment Counsel’s holdings in Philip Morris International were worth $2,682,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc increased its position in shares of Philip Morris International by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock valued at $9,694,325,000 after purchasing an additional 1,516,211 shares during the last quarter. Domani Wealth LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $428,000. Harvest Group Wealth Management LLC increased its position in shares of Philip Morris International by 35.8% during the 4th quarter. Harvest Group Wealth Management LLC now owns 7,775 shares of the company’s stock valued at $519,000 after purchasing an additional 2,051 shares during the last quarter. Inlet Private Wealth LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $386,000. Finally, Wealth Alliance Advisory Group LLC purchased a new stake in shares of Philip Morris International during the 4th quarter valued at about $205,000. Institutional investors own 73.51% of the company’s stock.

Philip Morris International stock opened at $77.13 on Monday. The company has a market capitalization of $120.00 billion, a P/E ratio of 15.12, a PEG ratio of 1.82 and a beta of 0.97. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $92.74.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, April 18th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. As a group, analysts predict that Philip Morris International Inc. will post 5.16 earnings per share for the current fiscal year.

In related news, VP Michael R. Kunst acquired 500 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of $80.74 per share, with a total value of $40,370.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mario Masseroli sold 1,200 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $84.32, for a total transaction of $101,184.00. The disclosure for this sale can be found here. Insiders purchased a total of 4,000 shares of company stock valued at $331,705 over the last three months. 0.21% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on the stock. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Thursday, April 4th. Bank of America raised shares of Philip Morris International from an “underperform” rating to a “neutral” rating and upped their price target for the company from $81.00 to $94.00 in a research report on Friday, May 17th. ValuEngine lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $80.00 price target on shares of Philip Morris International in a research report on Sunday, February 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Philip Morris International currently has an average rating of “Hold” and an average price target of $92.57.

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Philip Morris International 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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