Gilbert & Cook Inc. raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 6.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,701 shares of the company’s stock after buying an additional 170 shares during the period. Gilbert & Cook Inc.’s holdings in Philip Morris International were worth $305,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PM. Highbridge Capital Management LLC raised its stake in Philip Morris International by 180.4% in the fourth quarter. Highbridge Capital Management LLC now owns 147,038 shares of the company’s stock valued at $13,453,000 after buying an additional 94,599 shares in the last quarter. Philadelphia Trust Co. raised its stake in Philip Morris International by 9.5% in the fourth quarter. Philadelphia Trust Co. now owns 6,603 shares of the company’s stock valued at $604,000 after buying an additional 575 shares in the last quarter. Wsfs Capital Management LLC acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $402,000. Lau Associates LLC raised its stake in Philip Morris International by 2.0% in the first quarter. Lau Associates LLC now owns 5,476 shares of the company’s stock valued at $618,000 after buying an additional 110 shares in the last quarter. Finally, Park National Corp OH raised its stake in Philip Morris International by 2.1% in the first quarter. Park National Corp OH now owns 17,638 shares of the company’s stock valued at $1,991,000 after buying an additional 362 shares in the last quarter. 72.30% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Inc (PM) traded up 0.25% on Wednesday, reaching $117.11. 664,144 shares of the company’s stock traded hands. The firm has a market cap of $181.89 billion, a price-to-earnings ratio of 25.95 and a beta of 0.93. The stock’s 50 day moving average is $117.35 and its 200 day moving average is $113.46. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55.

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

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PM has been the subject of several recent research reports. Jefferies Group LLC set a $111.00 target price on shares of Philip Morris International and gave the company a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company reissued an “outperform” rating and set a $120.00 target price on shares of Philip Morris International in a research note on Wednesday, April 19th. Vetr raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 target price for the company in a research note on Thursday, April 20th. Stifel Nicolaus reissued a “buy” rating and set a $118.00 target price on shares of Philip Morris International in a research note on Sunday, April 23rd. Finally, Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus 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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