Eagle Global Advisors LLC trimmed its position in shares of Philip Morris International Inc (NYSE:PM) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,091 shares of the company’s stock after selling 1,398 shares during the quarter. Eagle Global Advisors LLC’s holdings in Philip Morris International were worth $6,220,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hudock Capital Group LLC increased its position in shares of Philip Morris International by 0.3% during the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock worth $354,000 after purchasing an additional 10 shares in the last quarter. Quotient Investors LLC increased its position in shares of Philip Morris International by 0.4% during the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock worth $579,000 after purchasing an additional 22 shares in the last quarter. Klingman & Associates LLC increased its position in shares of Philip Morris International by 1.1% during the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock worth $276,000 after purchasing an additional 26 shares in the last quarter. JJJ Advisors Inc. increased its position in shares of Philip Morris International by 0.9% during the first quarter. JJJ Advisors Inc. now owns 3,204 shares of the company’s stock worth $362,000 after purchasing an additional 29 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Philip Morris International by 0.3% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 10,052 shares of the company’s stock worth $1,135,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

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In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is owned by insiders.

Several brokerages recently commented on PM. Jefferies Group LLC reiterated a “hold” rating and set a $121.00 price target 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 $117.88 price target for the company. in a research report on Monday, June 19th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $134.00 price target on shares of Philip Morris International in a research report on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and an average target price of $122.79.

Shares of Philip Morris International Inc (PM) traded down 0.22% during trading on Tuesday, hitting $117.57. The stock had a trading volume of 589,525 shares. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock’s 50 day moving average is $116.73 and its 200-day moving average is $114.76. The company has a market cap of $182.61 billion, a PE ratio of 26.05 and a beta of 0.94.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion during 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%. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. Analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current year.

Philip Morris International 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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