US Bancorp DE Has $153.01 Million Stake in Philip Morris International Inc (NYSE:PM)

US Bancorp DE decreased its position in Philip Morris International Inc (NYSE:PM) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,302,789 shares of the company’s stock after selling 445 shares during the period. US Bancorp DE owned 0.08% of Philip Morris International worth $153,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PM. Acropolis Investment Management LLC raised 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 worth $123,000 after buying an additional 5 shares in the last quarter. Hudock Capital Group LLC raised its stake in shares of Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock worth $354,000 after buying an additional 10 shares in the last quarter. Cape ANN Savings Bank raised its stake in shares of Philip Morris International by 0.7% in the second quarter. Cape ANN Savings Bank now owns 2,142 shares of the company’s stock worth $252,000 after buying an additional 15 shares in the last quarter. Newman Dignan & Sheerar Inc. raised its stake in shares of Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock worth $669,000 after buying an additional 20 shares in the last quarter. Finally, Argent Capital Management LLC raised its stake in shares of 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 in the last quarter. 72.45% of the stock is owned by institutional investors.

Philip Morris International Inc (NYSE PM) traded up 0.70% during midday trading on Friday, reaching $115.02. 1,053,423 shares of the company traded hands. The stock has a market capitalization of $178.65 billion, a P/E ratio of 25.49 and a beta of 0.93. 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 12-month low of $86.78 and a 12-month high of $123.55.

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

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A number of brokerages recently weighed in on PM. Berenberg Bank set a $96.00 price target on shares of Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Group LLC raised their price target on shares of Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a report on Monday, May 22nd. Citigroup Inc. raised their price target on shares of Philip Morris International from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Finally, BidaskClub raised shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Buy” and a consensus price target 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.

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

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