Philip Morris International Inc. (NYSE:PM) Shares Sold by Hendershot Investments Inc.

Hendershot Investments Inc. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,600 shares of the company’s stock after selling 250 shares during the period. Hendershot Investments Inc.’s holdings in Philip Morris International were worth $871,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Dearborn Partners LLC grew its stake in Philip Morris International by 3.2% during the 2nd quarter. Dearborn Partners LLC now owns 2,867 shares of the company’s stock valued at $291,000 after purchasing an additional 89 shares in the last quarter. LRI Investments LLC grew its position in shares of Philip Morris International by 1.5% during the second quarter. LRI Investments LLC now owns 6,287 shares of the company’s stock worth $637,000 after buying an additional 92 shares in the last quarter. Bar Harbor Wealth Management increased its stake in shares of Philip Morris International by 2.6% in the second quarter. Bar Harbor Wealth Management now owns 3,919 shares of the company’s stock worth $397,000 after buying an additional 100 shares during the last quarter. Stephens Consulting LLC raised its holdings in Philip Morris International by 8.6% in the second quarter. Stephens Consulting LLC now owns 1,266 shares of the company’s stock valued at $128,000 after acquiring an additional 100 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in Philip Morris International by 2.8% during the 1st quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock valued at $354,000 after acquiring an additional 104 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 1.1 %

NYSE PM opened at $125.18 on Friday. The company has a 50-day moving average price of $113.38 and a two-hundred day moving average price of $101.98. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $127.45. The stock has a market cap of $194.60 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.41 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the firm earned $1.60 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts expect that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Insider Activity at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PM. Stifel Nicolaus increased their price target on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Bank of America raised their price objective on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $113.70.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.