Philip Morris International Inc (NYSE:PM) Position Increased by Two Sigma Securities LLC

Two Sigma Securities LLC boosted its stake in shares of Philip Morris International Inc (NYSE:PM) by 170.2% during the first quarter, Holdings Channel reports. The institutional investor owned 14,858 shares of the company’s stock after buying an additional 9,359 shares during the period. Two Sigma Securities LLC’s holdings in Philip Morris International were worth $1,677,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Hudock Capital Group LLC raised its position in Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock valued at $354,000 after buying an additional 10 shares in the last quarter. Newman Dignan & Sheerar Inc. raised its position in Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock valued at $669,000 after buying an additional 20 shares in the last quarter. Argent Capital Management LLC raised its stake in Philip Morris International by 0.6% in the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock worth $368,000 after buying an additional 20 shares during the last quarter. Quotient Investors LLC raised its stake in Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock worth $579,000 after buying an additional 22 shares during the last quarter. Finally, Klingman & Associates LLC raised its stake in Philip Morris International by 1.1% in the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock worth $276,000 after buying an additional 26 shares during the last quarter. 72.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Philip Morris International Inc (PM) traded up 0.78% on Friday, hitting $115.11. 670,620 shares of the stock were exchanged. The company has a 50 day moving average of $117.70 and a 200 day moving average of $112.79. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a market cap of $178.79 billion, a price-to-earnings ratio of 25.51 and a beta of 0.93.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. Philip Morris International’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. Equities research analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current year.

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A number of equities research analysts have weighed in on the stock. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price on the stock. in a report on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and set a $121.00 target price on shares of Philip Morris International in a report on Tuesday, June 20th. BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a report on Friday, June 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $134.00 target price on shares of Philip Morris International in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $122.00.

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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