Northwestern Mutual Wealth Management Co. cut its position in Philip Morris International Inc (NYSE:PM) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,467 shares of the company’s stock after selling 748 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Philip Morris International were worth $7,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Guidant Wealth Advisors grew its stake in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Philip Morris International during the first quarter valued at $114,000. Vantage Investment Advisors LLC grew its stake in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares in the last quarter. Acropolis Investment Management LLC grew its stake in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new position in Philip Morris International during the second quarter valued at $178,000. 72.63% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on PM. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and raised their target price for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Jefferies Group reaffirmed a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a research note on Thursday, September 28th. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a research note on Sunday, October 22nd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus price target of $124.23.

Shares of Philip Morris International Inc (PM) traded up $1.60 during trading hours on Wednesday, hitting $107.06. 1,388,840 shares of the company’s stock were exchanged, compared to its average volume of 4,124,628. Philip Morris International Inc has a 1-year low of $87.67 and a 1-year high of $123.55. The stock has a market cap of $162,480.55, a PE ratio of 23.30, a P/E/G ratio of 2.11 and a beta of 0.90. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. equities research analysts forecast that Philip Morris International Inc will post 4.75 earnings per share for the current year.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

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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.

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

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