BB&T Corp cut its stake in Philip Morris International Inc (NYSE:PM) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 255,058 shares of the company’s stock after selling 10,535 shares during the period. BB&T Corp’s holdings in Philip Morris International were worth $29,956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acropolis Investment Management LLC increased its position in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the period. Hudock Capital Group LLC increased 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 during the period. Cape ANN Savings Bank increased its position in Philip Morris International by 0.7% in the second quarter. Cape ANN Savings Bank now owns 2,142 shares of the company’s stock valued at $252,000 after buying an additional 15 shares during the period. Newman Dignan & Sheerar Inc. increased 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 during the period. Finally, Argent Capital Management LLC increased its position 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 valued at $368,000 after buying an additional 20 shares during the period. 72.45% of the stock is owned by institutional investors.

Philip Morris International Inc (PM) traded up 0.58% during mid-day trading on Friday, hitting $114.88. 2,653,779 shares of the stock were exchanged. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The stock has a market capitalization of $178.43 billion, a PE ratio of 25.46 and a beta of 0.93. The company has a 50-day moving average of $117.56 and a 200-day moving average of $112.93.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the company posted $1.15 EPS. Philip Morris International’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

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Several research firms recently commented on PM. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the stock 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. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday. Jefferies Group LLC raised their price objective on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Finally, Citigroup Inc. raised their price objective on shares of Philip Morris International from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average 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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