Keel Point LLC cut its stake in shares of Philip Morris International Inc (NYSE:PM) by 4.3% during the first quarter, Holdings Channel reports. The fund owned 3,710 shares of the company’s stock after selling 168 shares during the period. Keel Point LLC’s holdings in Philip Morris International were worth $419,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PM. Hudock Capital Group LLC boosted its stake in Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after buying an additional 10 shares during the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock valued at $669,000 after buying an additional 20 shares during the last quarter. Argent Capital Management LLC boosted its stake in Philip Morris International by 0.6% in the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock valued at $368,000 after buying an additional 20 shares during the last quarter. Quotient Investors LLC boosted its stake in Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock valued at $579,000 after buying an additional 22 shares during the last quarter. Finally, Klingman & Associates LLC boosted its stake in Philip Morris International by 1.1% in the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock valued at $276,000 after buying an additional 26 shares during the last quarter. 72.45% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Inc (NYSE:PM) traded up 0.80% during trading on Friday, reaching $115.13. The company had a trading volume of 669,390 shares. The firm’s 50 day moving average is $117.70 and its 200 day moving average is $112.79. The company has a market capitalization of $178.82 billion, a PE ratio of 25.51 and a beta of 0.93. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data 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 net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the company earned $1.15 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current year.

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PM has been the topic of a number of research reports. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Group LLC raised their price objective on Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Citigroup Inc. raised their price objective on Philip Morris International from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Finally, BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Buy” and an average price target of $122.00.

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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