Whittier Trust Co. of Nevada Inc. cut its position in shares of Philip Morris International Inc (NYSE:PM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,273 shares of the company’s stock after selling 206 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Philip Morris International were worth $7,784,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Access Financial Services Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth $510,000. Dodge & Cox purchased a new stake in shares of Philip Morris International during the fourth quarter worth $1,821,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Philip Morris International during the fourth quarter worth $106,000. RMB Capital Management LLC boosted its stake in shares of Philip Morris International by 3.1% in the fourth quarter. RMB Capital Management LLC now owns 2,397 shares of the company’s stock worth $219,000 after buying an additional 71 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Philip Morris International by 1.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 40,625 shares of the company’s stock worth $4,478,000 after buying an additional 404 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) traded up 0.70% on Friday, reaching $115.02. The company had a trading volume of 1,054,924 shares. The stock has a 50 day moving average price of $117.70 and a 200-day moving average price of $112.79. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The company has a market capitalization of $178.65 billion, a price-to-earnings ratio of 25.49 and a beta of 0.93.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $1.15 EPS. Analysts forecast 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 research reports. Jefferies Group LLC set a $111.00 price objective on Philip Morris International and gave the company a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company reissued an “outperform” rating and issued a $120.00 target price on shares of Philip Morris International in a report on Wednesday, April 19th. Vetr raised Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 target price on the stock in a report on Thursday, April 20th. Stifel Nicolaus reissued a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a report on Sunday, April 23rd. Finally, Zacks Investment Research lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $122.00.

About Philip Morris International

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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