Shayne & CO. LLC continued to hold its stake in Philip Morris International Inc (NYSE:PM) during the second quarter, Holdings Channel reports. The institutional investor owned 10,099 shares of the company’s stock at the end of the second quarter. Philip Morris International makes up about 0.9% of Shayne & CO. LLC’s investment portfolio, making the stock its 11th largest position. Shayne & CO. LLC’s holdings in Philip Morris International were worth $1,187,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gradient Investments LLC increased 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 purchased a new stake in shares of Philip Morris International during the first quarter valued at $113,000. American Beacon Advisors Inc. purchased a new stake in shares of Philip Morris International during the first quarter valued at $114,000. Acropolis Investment Management LLC purchased a new stake in shares of Philip Morris International during the first quarter valued at $117,000. Finally, Gemmer Asset Management LLC increased 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. 72.30% of the stock is currently owned by institutional investors.

Shares of Philip Morris International Inc (NYSE PM) traded down 0.52% on Friday, reaching $115.33. 4,178,162 shares of the company’s stock traded hands. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The firm has a market capitalization of $179.13 billion, a P/E ratio of 25.56 and a beta of 0.93. The firm’s 50 day moving average is $117.20 and its 200 day moving average is $113.64.

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. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share. Analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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PM has been the topic of several recent analyst reports. TheStreet raised shares of 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 target price (down previously from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 target price on the stock. in a research note on Monday, May 22nd. Bank of America Corporation increased their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. Finally, BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $121.79.

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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