AllSquare Wealth Management LLC maintained its position in shares of Philip Morris International Inc (NYSE:PM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,641 shares of the company’s stock at the close of the second quarter. AllSquare Wealth Management LLC’s holdings in Philip Morris International were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guidant Wealth Advisors grew its position in Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares during the last quarter. American Beacon Advisors Inc. bought a new position in Philip Morris International in the 1st quarter valued at $114,000. Acropolis Investment Management LLC grew its position in Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in Philip Morris International in the 2nd quarter valued at $178,000. Finally, Burt Wealth Advisors grew its position in Philip Morris International by 33.0% in the 2nd quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after acquiring an additional 400 shares during the last quarter. 72.22% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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Several equities analysts have commented on the company. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and upped their price objective for the company from $118.00 to $119.00 in a research report on Friday, August 11th. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a research report on Sunday, October 22nd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $124.62.

Shares of Philip Morris International Inc (PM) opened at $102.72 on Wednesday. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. The firm has a market capitalization of $160,772.03, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.09 and a beta of 0.91. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. analysts anticipate that Philip Morris International Inc will post 4.76 earnings per share for the current fiscal year.

Philip Morris International 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.

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

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