Quotient Investors LLC continued to hold its position in shares of Philip Morris International Inc (NYSE:PM) during the second quarter, Holdings Channel reports. The fund owned 5,130 shares of the company’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in Philip Morris International were worth $579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Gradient Investments LLC boosted its stake in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares during the period. Welch Investments LLC bought a new stake in Philip Morris International during the first quarter valued at $113,000. American Beacon Advisors Inc. bought a new stake in Philip Morris International during the first quarter valued at $114,000. Acropolis Investment Management LLC bought a new stake in Philip Morris International during the first quarter valued at $117,000. Finally, Gemmer Asset Management LLC boosted its stake in Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 72.30% of the company’s stock.

Philip Morris International Inc (NYSE:PM) traded down 0.17% during trading on Monday, hitting $114.68. The stock had a trading volume of 1,018,723 shares. The stock’s 50-day moving average is $117.56 and its 200-day moving average is $112.93. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The stock has a market capitalization of $178.12 billion, a PE ratio of 25.41 and a beta of 0.93.

Philip Morris International (NYSE:PM) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the company posted $1.15 EPS. Philip Morris International’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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Several research firms recently weighed in on PM. Berenberg Bank set a $96.00 price target on shares of Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC lifted their price target on shares of Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Citigroup Inc. lifted their price target on shares of Philip Morris International from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and lifted their price target for the company from $118.00 to $119.00 in a report on Friday. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International 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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