Academy Capital Management Inc. TX reduced its position in shares of Philip Morris International Inc (NYSE:PM) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,797 shares of the company’s stock after selling 2,482 shares during the period. Philip Morris International accounts for approximately 7.6% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 2nd largest position. Academy Capital Management Inc. TX’s holdings in Philip Morris International were worth $27,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after buying an additional 1,058,408 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Philip Morris International by 3.9% in the first quarter. Legal & General Group Plc now owns 7,211,588 shares of the company’s stock worth $814,358,000 after buying an additional 268,119 shares in the last quarter. Swiss National Bank boosted its position in shares of 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. UBS Asset Management Americas Inc. boosted its position in shares of Philip Morris International by 4.9% in the first quarter. UBS Asset Management Americas Inc. now owns 5,354,506 shares of the company’s stock worth $604,524,000 after buying an additional 251,734 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Philip Morris International by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,064,097 shares of the company’s stock worth $571,737,000 after buying an additional 218,999 shares in the last quarter. Institutional investors and hedge funds own 72.45% of the company’s stock.

Philip Morris International Inc (NYSE PM) traded up 0.58% during mid-day trading on Friday, reaching $114.88. The company had a trading volume of 2,653,779 shares. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The stock’s 50-day moving average is $117.56 and its 200 day moving average is $112.93. The firm has a market capitalization of $178.43 billion, a P/E ratio of 25.46 and a beta of 0.93.

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

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PM has been the subject of a number of research analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. Vetr upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 price target for the company in a research report on Tuesday, May 16th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and an average price target of $122.00.

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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