Philip Morris International Inc (PM) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in shares of Philip Morris International Inc (NYSE:PM) by 17.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,767 shares of the company’s stock after selling 7,607 shares during the period. Pacer Advisors Inc.’s holdings in Philip Morris International were worth $4,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Guidant Wealth Advisors grew its position in Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Philip Morris International during the 1st quarter worth approximately $114,000. Acropolis Investment Management LLC grew its holdings in shares of Philip Morris International by 0.5% during the 2nd 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. BDO Wealth Advisors LLC purchased a new position in shares of Philip Morris International during the 2nd quarter valued at $178,000. Finally, Burt Wealth Advisors grew its holdings in shares of Philip Morris International by 33.0% during the 2nd quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.

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In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was 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 owned by insiders.

Several equities analysts have recently commented on PM shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $133.00 price target (down from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. restated a “neutral” rating and set a $125.00 price target (down from $128.00) on shares of Philip Morris International in a report on Monday, July 24th. Finally, BidaskClub cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $124.62.

Shares of Philip Morris International Inc (PM) opened at $102.72 on Wednesday. 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 Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The stock has a market cap of $160,772.03, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.09 and a beta of 0.91.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. research analysts forecast that Philip Morris International Inc will post 4.76 earnings per share for the current year.

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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