Northern Oak Wealth Management Inc. decreased its stake in Philip Morris International Inc (NYSE:PM) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,303 shares of the company’s stock after selling 1,295 shares during the period. Northern Oak Wealth Management Inc.’s holdings in Philip Morris International were worth $2,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Street Advisors Inc. NC raised its position in shares of Philip Morris International by 0.7% in the first quarter. Franklin Street Advisors Inc. NC now owns 6,814 shares of the company’s stock worth $769,000 after buying an additional 48 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Philip Morris International by 2.9% in the first quarter. Integrated Investment Consultants LLC now owns 3,600 shares of the company’s stock worth $406,000 after buying an additional 100 shares during the last quarter. Bath Savings Trust Co raised its position in shares of Philip Morris International by 0.6% in the first quarter. Bath Savings Trust Co now owns 13,182 shares of the company’s stock worth $1,488,000 after buying an additional 75 shares during the last quarter. Park National Corp OH raised its position in shares of Philip Morris International by 2.1% in the first quarter. Park National Corp OH now owns 17,638 shares of the company’s stock worth $1,991,000 after buying an additional 362 shares during the last quarter. Finally, Lau Associates LLC raised its position in shares of Philip Morris International by 2.0% in the first quarter. Lau Associates LLC now owns 5,476 shares of the company’s stock worth $618,000 after buying an additional 110 shares during the last quarter. 72.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.08% during trading on Monday, reaching $114.97. 645,277 shares of the company were exchanged. The firm’s 50 day moving average price is $117.56 and its 200 day moving average price is $112.93. The company has a market capitalization of $178.57 billion, a PE ratio of 25.48 and a beta of 0.93. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last issued 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. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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A number of research analysts have weighed in on the stock. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price target on the stock. in a research note on Monday, June 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $121.00 price target on shares of Philip Morris International in a research note on Tuesday, June 20th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $134.00 price target on shares of Philip Morris International in a research note on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price 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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