Parthenon LLC cut its stake in shares of Philip Morris International Inc (NYSE:PM) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,201 shares of the company’s stock after selling 3,500 shares during the period. Philip Morris International comprises about 1.3% of Parthenon LLC’s investment portfolio, making the stock its 27th largest position. Parthenon LLC’s holdings in Philip Morris International were worth $5,329,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PM. Bank of Montreal Can raised its stake in Philip Morris International by 7.2% in the first quarter. Bank of Montreal Can now owns 1,931,493 shares of the company’s stock valued at $218,066,000 after buying an additional 128,993 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Philip Morris International by 42.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock worth $236,086,000 after buying an additional 618,100 shares in the last quarter. Swiss National Bank raised its position in Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after buying an additional 1,189,800 shares in the last quarter. First Manhattan Co. raised its position in Philip Morris International by 1.6% in the first quarter. First Manhattan Co. now owns 1,724,204 shares of the company’s stock worth $167,627,000 after buying an additional 26,507 shares in the last quarter. Finally, Access Financial Services Inc. raised its position in Philip Morris International by 5.0% in the first quarter. Access Financial Services Inc. now owns 5,853 shares of the company’s stock worth $661,000 after buying an additional 280 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Inc (PM) traded up 0.353% on Monday, hitting $115.205. 483,936 shares of the stock traded hands. The stock has a market cap of $178.94 billion, a price-to-earnings ratio of 25.527 and a beta of 0.93. The firm’s 50 day moving average is $116.89 and its 200 day moving average is $114.25. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Philip Morris International Inc will post $4.82 earnings per share for the current year.

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PM has been the subject of a number of research analyst reports. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 target price for the company. in a research report on Monday, May 15th. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. BidaskClub lowered shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $133.00 target price (down previously from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average 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.

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

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