Edmond DE Rothschild Holding S.A. reduced its position in shares of Philip Morris International Inc (NYSE:PM) by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,214 shares of the company’s stock after selling 634 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Philip Morris International were worth $927,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Philip Morris International during the fourth quarter worth $106,000. Gradient Investments LLC increased 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 worth $111,000 after buying an additional 426 shares during the last quarter. Welch Investments LLC acquired a new stake in Philip Morris International during the first quarter worth $113,000. Acropolis Investment Management LLC acquired a new stake in Philip Morris International during the first quarter worth $117,000. Finally, Gemmer Asset Management LLC increased 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 worth $126,000 after buying an additional 322 shares during the last quarter. Institutional investors own 72.45% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.72% on Friday, reaching $115.04. 537,686 shares of the company were exchanged. The firm has a 50 day moving average price of $117.70 and a 200-day moving average price of $112.79. The stock has a market capitalization of $178.68 billion, a PE ratio of 25.49 and a beta of 0.93. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55.

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

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PM has been the subject of a number of analyst reports. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 price target on shares of Philip Morris International in a research report on Sunday, April 23rd. BidaskClub downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Vetr upgraded shares of Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 price target for the company in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Philip Morris International presently has an average rating of “Buy” and an average price target 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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