Whalerock Point Partners LLC cut its stake in shares of Philip Morris International Inc (NYSE:PM) by 9.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,697 shares of the company’s stock after selling 600 shares during the quarter. Whalerock Point Partners LLC’s holdings in Philip Morris International were worth $669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Crawford Investment Counsel Inc. lifted its position in Philip Morris International by 1.5% during the second quarter. Crawford Investment Counsel Inc. now owns 474,093 shares of the company’s stock valued at $55,682,000 after purchasing an additional 7,034 shares during the last quarter. Principal Financial Group Inc. lifted its position in Philip Morris International by 16.9% during the second quarter. Principal Financial Group Inc. now owns 2,597,934 shares of the company’s stock valued at $305,127,000 after purchasing an additional 376,072 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC lifted its position in Philip Morris International by 4.2% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 9,929 shares of the company’s stock valued at $1,166,000 after purchasing an additional 403 shares during the last quarter. Birinyi Associates Inc. lifted its position in Philip Morris International by 15.0% during the second quarter. Birinyi Associates Inc. now owns 27,160 shares of the company’s stock valued at $3,190,000 after purchasing an additional 3,550 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in Philip Morris International during the second quarter valued at approximately $209,000. Institutional investors and hedge funds own 72.90% of the company’s stock.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Philip Morris International Inc (NYSE:PM) opened at $102.54 on Tuesday. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company has a market cap of $159,530.00, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.07 and a beta of 0.91.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts predict that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

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Several brokerages have issued reports on PM. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and lifted their target price for the company from $118.00 to $119.00 in a research report on Friday, August 11th. Wells Fargo & Company reiterated an “outperform” rating and set a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research report on Thursday, November 16th. Jefferies Group LLC reiterated a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a research report on Thursday, September 28th. Finally, BidaskClub lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Philip Morris International currently has a consensus rating of “Buy” and a consensus target price of $124.23.

Philip Morris International 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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