Philip Morris International Inc (NYSE:PM) Shares Sold by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY reduced its position in shares of Philip Morris International Inc (NYSE:PM) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,820 shares of the company’s stock after selling 150 shares during the period. Philip Morris International comprises 2.7% of Cypress Capital Management LLC WY’s portfolio, making the stock its 7th largest position. Cypress Capital Management LLC WY’s holdings in Philip Morris International were worth $2,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in Philip Morris International during the fourth quarter worth approximately $106,000. Gradient Investments LLC increased its position in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the period. Welch Investments LLC bought a new position in Philip Morris International during the first quarter worth approximately $113,000. American Beacon Advisors Inc. bought a new position in Philip Morris International during the first quarter worth approximately $114,000. Finally, Acropolis Investment Management LLC bought a new position in Philip Morris International during the first quarter worth approximately $117,000. 72.30% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc (NYSE:PM) opened at 115.33 on Friday. The company’s 50-day moving average price is $117.20 and its 200 day moving average price is $113.64. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company has a market cap of $179.13 billion, a P/E ratio of 25.56 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. The company 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 firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 EPS. On average, equities research analysts anticipate that Philip Morris International Inc will post $4.83 earnings per share for the current year.

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A number of research firms have issued reports on PM. Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 target price on shares of Philip Morris International in a research report on Tuesday, June 20th. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 target price on the stock. in a research report on Monday, May 8th. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and lifted their target price for the company from $118.00 to $119.00 in a research report on Friday, August 11th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a research report on Sunday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and an average price target of $121.79.

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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