Macquarie Group Ltd. lowered its stake in shares of Philip Morris International Inc (NYSE:PM) by 4.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 417,354 shares of the company’s stock after selling 18,108 shares during the period. Macquarie Group Ltd.’s holdings in Philip Morris International were worth $47,119,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Gradient Investments LLC boosted its stake in shares of 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 in the last quarter. Welch Investments LLC bought a new stake in shares of Philip Morris International during the first quarter valued at $113,000. Acropolis Investment Management LLC bought a new stake in shares of Philip Morris International during the first quarter valued at $117,000. Gemmer Asset Management LLC boosted its stake in shares of 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 in the last quarter. Finally, American National Bank boosted its stake in shares of Philip Morris International by 19.8% in the first quarter. American National Bank now owns 1,737 shares of the company’s stock valued at $196,000 after buying an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 72.45% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up 0.58% during mid-day trading on Friday, reaching $114.88. The company’s stock had a trading volume of 2,653,779 shares. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company’s 50-day moving average price is $117.56 and its 200-day moving average price is $112.93. The stock has a market capitalization of $178.43 billion, a P/E ratio of 25.46 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.15 EPS. On average, 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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Several brokerages have recently weighed in on PM. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 price target on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price target on the stock. in a research report on Monday, May 8th. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday. Cowen and Company reiterated an “outperform” rating and set a $120.00 price target on shares of Philip Morris International in a research report on Wednesday, April 19th. Finally, BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. 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.

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

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