Oakbrook Investments LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,251 shares of the company’s stock after selling 3,155 shares during the quarter. Oakbrook Investments LLC’s holdings in Philip Morris International were worth $7,950,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of PM. Guidant Wealth Advisors lifted its stake in Philip Morris International by 25.5% in 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 during the last quarter. NewSquare Capital LLC lifted its stake in Philip Morris International by 6,572.3% in the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after acquiring an additional 100,228 shares during the last quarter. Vantage Investment Advisors LLC lifted its stake in Philip Morris International by 1.0% in 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 during the last quarter. Financial Engines Advisors L.L.C. lifted its stake in Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after acquiring an additional 962 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in Philip Morris International in the fourth quarter valued at approximately $134,000. Institutional investors and hedge funds own 72.31% of the company’s stock.

A number of analysts have issued reports on PM shares. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley lifted their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Bank of America reduced their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $123.79.

Philip Morris International Inc. (NYSE:PM) opened at $103.05 on Wednesday. Philip Morris International Inc. has a 52-week low of $96.66 and a 52-week high of $123.55. The stock has a market cap of $160,060.00, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.99 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.68 and a current ratio of 1.35.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. analysts expect that Philip Morris International Inc. will post 5.28 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Oakbrook Investments LLC Decreases Position in Philip Morris International Inc. (PM)” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/14/oakbrook-investments-llc-decreases-position-in-philip-morris-international-inc-pm.html.

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.