Evergreen Capital Management LLC acquired a new position in Philip Morris International Inc (NYSE:PM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,782 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also modified their holdings of PM. MCF Advisors LLC boosted its holdings in Philip Morris International by 37.0% in the first quarter. MCF Advisors LLC now owns 2,127 shares of the company’s stock worth $240,000 after purchasing an additional 575 shares in the last quarter. Greatmark Investment Partners Inc. boosted its holdings in Philip Morris International by 2.8% in the first quarter. Greatmark Investment Partners Inc. now owns 9,079 shares of the company’s stock worth $1,025,000 after purchasing an additional 250 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Philip Morris International by 8.5% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,405,451 shares of the company’s stock worth $158,675,000 after purchasing an additional 109,525 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Philip Morris International by 3.8% in the first quarter. Advisors Asset Management Inc. now owns 345,662 shares of the company’s stock worth $39,025,000 after purchasing an additional 12,508 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its holdings in Philip Morris International by 6.2% in the first quarter. Canandaigua National Bank & Trust Co. now owns 6,676 shares of the company’s stock worth $753,000 after purchasing an additional 388 shares in the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were 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 SEC, which can be accessed through this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction 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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PM has been the subject of a number of recent research reports. Piper Jaffray Companies set a $130.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a report on Thursday. Jefferies Group LLC decreased their price objective on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $125.00 target price (down previously from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $124.23.

Philip Morris International Inc (NYSE:PM) opened at $102.64 on Friday. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The stock has a market cap of $159,420.75, a PE ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company earned $1.25 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. analysts expect that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

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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