Breton Hill Capital Ltd. cut its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,998 shares of the company’s stock after selling 47 shares during the period. Philip Morris International accounts for about 2.3% of Breton Hill Capital Ltd.’s portfolio, making the stock its 4th largest position. Breton Hill Capital Ltd.’s holdings in Philip Morris International were worth $12,215,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares during the last quarter. Legal & General Group Plc boosted its stake in 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 valued at $814,358,000 after buying an additional 268,119 shares during the last quarter. Swiss National Bank boosted its stake 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 valued at $646,548,000 after buying an additional 1,189,800 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in 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 valued at $604,524,000 after buying an additional 251,734 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in 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 valued at $571,737,000 after buying an additional 218,999 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.29% during trading on Thursday, reaching $116.77. The company’s stock had a trading volume of 1,264,322 shares. The company has a 50 day moving average of $116.89 and a 200-day moving average of $114.25. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market cap of $181.37 billion, a price-to-earnings ratio of 25.87 and a beta of 0.93.

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. Analysts forecast that Philip Morris International Inc will post $4.82 EPS for the current year.

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PM has been the topic of several recent analyst reports. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. 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. Vetr raised Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 price objective on the stock in a report on Tuesday, May 16th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a 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. The stock currently has an average rating of “Buy” and a consensus target price of $122.79.

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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