Philip Morris International Inc (PM) Shares Sold by Access Financial Services Inc.

Access Financial Services Inc. reduced its position in shares of Philip Morris International Inc (NYSE:PM) by 13.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,063 shares of the company’s stock after selling 790 shares during the period. Access Financial Services Inc.’s holdings in Philip Morris International were worth $595,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Philip Morris International during the fourth quarter valued at about $106,000. Gradient Investments LLC boosted its stake in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares during the last quarter. Welch Investments LLC purchased a new stake in Philip Morris International during the first quarter valued at about $113,000. American Beacon Advisors Inc. purchased a new stake in Philip Morris International during the first quarter valued at about $114,000. Finally, Acropolis Investment Management LLC purchased a new stake in Philip Morris International during the first quarter valued at about $117,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

Philip Morris International Inc (NYSE:PM) traded up 0.58% on Friday, hitting $114.88. 2,653,779 shares of the stock traded hands. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market cap of $178.43 billion, a price-to-earnings ratio of 25.46 and a beta of 0.93. The firm’s 50-day moving average price is $117.70 and its 200-day moving average price is $112.79.

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

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Several research firms recently issued reports on PM. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. restated a “neutral” rating and set a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Finally, Bank of America Corporation raised their price objective on shares of Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. 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 stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $122.00.

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)

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