Old Mutual Global Investors UK Ltd. reduced its holdings in shares of Philip Morris International Inc (NYSE:PM) by 30.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,995 shares of the company’s stock after selling 143,660 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Philip Morris International were worth $37,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Guidant Wealth Advisors grew its stake in Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in Philip Morris International during the 1st quarter valued at about $114,000. Acropolis Investment Management LLC grew its stake in Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in Philip Morris International during the 2nd quarter valued at about $178,000. Finally, Burt Wealth Advisors grew its stake in Philip Morris International by 33.0% during the 2nd quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after purchasing an additional 400 shares during the last quarter. 72.64% of the stock is currently owned by institutional investors.

In other news, 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 value of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

Shares of Philip Morris International Inc (NYSE:PM) traded up $0.96 on Friday, hitting $103.71. The stock had a trading volume of 6,318,542 shares, compared to its average volume of 4,116,667. Philip Morris International Inc has a 1 year low of $87.57 and a 1 year high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market capitalization of $161,080.00, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.08 and a beta of 0.91.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. equities research analysts expect that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

PM has been the topic of several research analyst reports. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Jefferies Group dropped their price target on Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Bank of America dropped their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $124.23.

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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.

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

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