Proficio Capital Partners LLC raised its stake in Philip Morris International Inc (NYSE:PM) by 10.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,180 shares of the company’s stock after buying an additional 887 shares during the period. Proficio Capital Partners LLC’s holdings in Philip Morris International were worth $1,078,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PM. Independence Advisors LLC purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $244,000. Pure Financial Advisors Inc. boosted its stake in shares of Philip Morris International by 11.6% in the first quarter. Pure Financial Advisors Inc. now owns 3,544 shares of the company’s stock worth $400,000 after buying an additional 367 shares during the period. Atlas Brown Inc. boosted its stake in shares of Philip Morris International by 10.0% in the first quarter. Atlas Brown Inc. now owns 6,645 shares of the company’s stock worth $750,000 after buying an additional 605 shares during the period. Pioneer Trust Bank N A OR boosted its stake in shares of Philip Morris International by 7.4% in the first quarter. Pioneer Trust Bank N A OR now owns 2,756 shares of the company’s stock worth $311,000 after buying an additional 190 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Philip Morris International by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,345,316 shares of the company’s stock worth $151,885,000 after buying an additional 41,396 shares during the period. 72.30% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE:PM) traded up 0.01% during mid-day trading on Thursday, reaching $117.74. The company had a trading volume of 823,872 shares. The company has a 50 day moving average price of $117.34 and a 200 day moving average price of $113.49. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company has a market capitalization of $182.87 billion, a price-to-earnings ratio of 26.09 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 consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current year.

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A number of equities research analysts have commented on PM shares. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective for the company. in a research note on Monday, May 22nd. Cowen and Company reissued an “outperform” rating and issued a $120.00 price objective on shares of Philip Morris International in a research note on Wednesday, April 19th. Finally, Bank of America Corporation raised their price objective on Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and an average price target of $121.79.

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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