Sii Investments Inc. WI cut its stake in shares of Philip Morris International Inc (NYSE:PM) by 12.8% during the first quarter, Holdings Channel reports. The fund owned 8,390 shares of the company’s stock after selling 1,236 shares during the period. Sii Investments Inc. WI’s holdings in Philip Morris International were worth $946,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hudock Capital Group LLC increased its stake in shares of 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 in the last quarter. Newman Dignan & Sheerar Inc. increased its stake in shares of 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 in the last quarter. Argent Capital Management LLC increased its stake in shares of 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 in the last quarter. Quotient Investors LLC increased its stake in shares of 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 in the last quarter. Finally, Klingman & Associates LLC increased its stake in shares of 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 in the last quarter. 72.45% of the stock is owned by institutional investors and hedge funds.

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

Philip Morris International (NYSE:PM) last announced 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. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. Equities analysts anticipate 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 several recent research reports. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $133.00 price target (down from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price target for the company. in a report on Monday, May 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price target on shares of Philip Morris International in a report on Wednesday, April 19th. Finally, Bank of America Corporation increased their price target on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Philip Morris International presently has an average rating of “Buy” and a consensus target price 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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