BLB&B Advisors LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,105 shares of the company’s stock after selling 780 shares during the quarter. BLB&B Advisors LLC’s holdings in Philip Morris International were worth $1,596,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the period. Flossbach Von Storch AG increased its holdings in Philip Morris International by 539.3% in the 3rd quarter. Flossbach Von Storch AG now owns 3,491,075 shares of the company’s stock valued at $387,544,000 after buying an additional 2,945,025 shares during the period. BlackRock Inc. increased its holdings in Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares during the period. FMR LLC increased its holdings in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Philip Morris International by 57.8% in the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares during the period. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc. (PM) opened at $99.94 on Friday. Philip Morris International Inc. has a one year low of $96.66 and a one year high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The firm has a market cap of $154,530.00, a P/E ratio of 25.82, a PEG ratio of 1.99 and a beta of 0.85.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. sell-side analysts anticipate that Philip Morris International Inc. will post 5.29 earnings per share for the current year.

Several research firms have commented on PM. Piper Jaffray Companies set a $135.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Sunday, October 15th. Jefferies Group reissued a “hold” rating and issued a $114.00 target price on shares of Philip Morris International in a report on Friday, October 20th. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Morgan Stanley raised their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, Bank of America decreased their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $123.79.

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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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