Cambridge Trust Co. raised its position in Philip Morris International Inc (NYSE:PM) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,235 shares of the company’s stock after buying an additional 290 shares during the period. Cambridge Trust Co.’s holdings in Philip Morris International were worth $817,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Gradient Investments LLC raised its position in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares in the last quarter. Welch Investments LLC acquired a new position in shares of Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. acquired a new position in shares of Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC acquired a new position in shares of Philip Morris International during the first quarter worth $117,000. Finally, Gemmer Asset Management LLC raised its position in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares in the last quarter. Institutional investors and hedge funds own 72.30% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up 0.25% during midday trading on Wednesday, reaching $117.11. The company had a trading volume of 662,189 shares. The stock has a 50-day moving average of $117.35 and a 200 day moving average of $113.46. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The firm has a market capitalization of $181.89 billion, a price-to-earnings ratio of 25.95 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 for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate 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 analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price objective on shares of Philip Morris International in a research report on Sunday, April 23rd. BidaskClub lowered Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Vetr upgraded Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price objective on the stock in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Tuesday, July 11th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $121.79.

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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