RBO & Co. LLC trimmed its position in shares of Philip Morris International Inc (NYSE:PM) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,417 shares of the company’s stock after selling 1,480 shares during the period. Philip Morris International makes up 5.6% of RBO & Co. LLC’s portfolio, making the stock its 2nd biggest holding. RBO & Co. LLC’s holdings in Philip Morris International were worth $20,838,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Guidant Wealth Advisors lifted its stake in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. American Beacon Advisors Inc. bought a new stake in shares of Philip Morris International in the first quarter valued at about $114,000. Acropolis Investment Management LLC lifted its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the period. BDO Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the second quarter valued at about $178,000. Finally, Burt Wealth Advisors lifted its stake in shares of Philip Morris International by 33.0% in the second quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after buying an additional 400 shares during the period. Institutional investors own 72.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/11/21/rbo-co-llc-decreases-holdings-in-philip-morris-international-inc-pm.html.

Philip Morris International Inc (NYSE:PM) opened at $102.54 on Tuesday. 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 $159,530.00, 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.

In other news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction that occurred on 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.

PM has been the subject of several research reports. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Goldman Sachs Group, Inc. (The) upgraded shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 target price for the company in a research note on Thursday, September 28th. Cowen and Company reiterated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $120.00 target price (down previously from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Finally, BidaskClub cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $124.23.

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.

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

Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.