Philip Morris International Inc (PM) Shares Sold by Parkwood LLC

Parkwood LLC cut its holdings in shares of Philip Morris International Inc (NYSE:PM) by 16.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,105 shares of the company’s stock after selling 621 shares during the period. Parkwood LLC’s holdings in Philip Morris International were worth $365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Welch Investments LLC bought a new position in Philip Morris International in the 1st quarter valued at $113,000. American Beacon Advisors Inc. bought a new position in Philip Morris International in the 1st quarter valued at $114,000. Acropolis Investment Management LLC boosted its position in Philip Morris International by 0.5% in the 2nd 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 last quarter. Gemmer Asset Management LLC boosted its position in Philip Morris International by 40.6% in the 1st quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Philip Morris International by 75.0% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock valued at $198,000 after buying an additional 750 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) traded down 1.21% during mid-day trading on Tuesday, reaching $116.50. The company had a trading volume of 1,032,421 shares. The firm has a market capitalization of $180.95 billion, a price-to-earnings ratio of 25.81 and a beta of 0.94. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The stock has a 50 day moving average of $116.35 and a 200-day moving average of $115.41.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results 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 firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.15 EPS. Equities analysts predict that Philip Morris International Inc will post $4.83 EPS for the current year.

PM has been the topic of a number of recent research reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $133.00 price objective (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective on the stock. in a research report on Monday, May 22nd. Bank of America Corporation increased their price objective on Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Finally, BidaskClub lowered Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $122.79.

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In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

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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