US Bancorp DE reduced its stake in Philip Morris International Inc (NYSE:PM) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,302,789 shares of the company’s stock after selling 445 shares during the period. US Bancorp DE’s holdings in Philip Morris International were worth $153,012,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Acropolis Investment Management LLC raised its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares in the last quarter. Hudock Capital Group LLC raised 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. Cape ANN Savings Bank raised its stake in shares of Philip Morris International by 0.7% in the second quarter. Cape ANN Savings Bank now owns 2,142 shares of the company’s stock valued at $252,000 after buying an additional 15 shares in the last quarter. Newman Dignan & Sheerar Inc. raised 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. Finally, Argent Capital Management LLC raised 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. 72.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (PM) traded up 0.70% during midday trading on Friday, reaching $115.02. 1,053,423 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $117.70 and its 200 day moving average price is $112.79. The firm has a market capitalization of $178.65 billion, a PE ratio of 25.49 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 released its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter last year, the business posted $1.15 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Philip Morris International Inc (NYSE:PM) Position Lowered by US Bancorp DE” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/11/philip-morris-international-inc-nysepm-position-lowered-by-us-bancorp-de.html.

Several analysts have commented on the stock. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday. Jefferies Group LLC lifted their price objective on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Citigroup Inc. lifted their price objective on shares of Philip Morris International from $107.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Finally, BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. 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. The stock 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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc (NYSE:PM).

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.