Johnson Financial Group Inc. trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,063 shares of the company’s stock after selling 2,389 shares during the period. Philip Morris International comprises 0.7% of Johnson Financial Group Inc.’s holdings, making the stock its 25th biggest holding. Johnson Financial Group Inc.’s holdings in Philip Morris International were worth $6,773,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Shine Investment Advisory Services Inc. boosted its position in Philip Morris International by 90.7% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock valued at $101,000 after buying an additional 592 shares during the period. Landaas & Co. WI ADV purchased a new stake in Philip Morris International in the 2nd quarter valued at about $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Philip Morris International in the 2nd quarter valued at about $108,000. BerganKDV Wealth Management LLC purchased a new stake in Philip Morris International in the 2nd quarter valued at about $123,000. Finally, Westbourne Investment Advisors Inc. purchased a new stake in Philip Morris International in the 3rd quarter valued at about $148,000. Institutional investors own 72.31% of the company’s stock.

Shares of PM opened at $87.63 on Tuesday. Philip Morris International Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $111.25. The company has a market capitalization of $134.20 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.98 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. Philip Morris International’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts expect that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Societe Generale set a $95.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Monday, October 22nd. Citigroup upped their price target on shares of Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Sanford C. Bernstein assumed coverage on shares of Philip Morris International in a research report on Tuesday, October 16th. They issued an “outperform” rating and a $97.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Hold” and an average target price of $94.73.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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