Philip Morris International Inc (PM) Shares Sold by QCI Asset Management Inc. NY

QCI Asset Management Inc. NY reduced its stake in shares of Philip Morris International Inc (NYSE:PM) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,643 shares of the company’s stock after selling 200 shares during the quarter. QCI Asset Management Inc. NY’s holdings in Philip Morris International were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC lifted its holdings in Philip Morris International by 0.5% in the second 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 period. Novare Capital Management LLC lifted its holdings in Philip Morris International by 0.3% in the second quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock valued at $216,000 after buying an additional 5 shares during the period. Baystate Wealth Management LLC raised its holdings in Philip Morris International by 0.3% in the second quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock worth $244,000 after purchasing an additional 7 shares during the period. Hudock Capital Group LLC raised its holdings in Philip Morris International by 0.3% in the second quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after purchasing an additional 8 shares during the period. Finally, First Capital Advisors Group LLC. raised its holdings in Philip Morris International by 0.3% in the second quarter. First Capital Advisors Group LLC. now owns 3,490 shares of the company’s stock worth $410,000 after purchasing an additional 12 shares during the period. 72.22% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Inc (NYSE:PM) opened at $102.64 on Friday. The firm has a market cap of $159,420.75, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.

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

Several equities research analysts have weighed in on the stock. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company reiterated an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a report on Wednesday. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $114.00 target price on shares of Philip Morris International in a report on Friday, October 20th. Finally, Bank of America Corporation cut 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. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $124.23.

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In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction dated Wednesday, August 30th. The shares were 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 the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

Philip Morris International Company 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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