Philip Morris International Inc. (NYSE:PM) Holdings Reduced by Windward Capital Management Co. CA

Windward Capital Management Co. CA lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,815 shares of the company’s stock after selling 1,026 shares during the period. Windward Capital Management Co. CA’s holdings in Philip Morris International were worth $3,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Strategic Financial Concepts LLC acquired a new position in Philip Morris International during the 2nd quarter worth $25,000. Norden Group LLC raised its stake in shares of Philip Morris International by 14.1% during the second quarter. Norden Group LLC now owns 22,064 shares of the company’s stock valued at $2,236,000 after purchasing an additional 2,727 shares in the last quarter. Parcion Private Wealth LLC acquired a new stake in Philip Morris International in the second quarter worth about $257,000. Chicago Capital LLC bought a new position in Philip Morris International in the 2nd quarter valued at about $209,000. Finally, Great Lakes Advisors LLC increased its stake in Philip Morris International by 0.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 316,452 shares of the company’s stock valued at $32,066,000 after buying an additional 1,574 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PM shares. Barclays upped their price target on shares of Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft increased their price target on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Bank of America raised their target price on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.70.

Insider Transactions at Philip Morris International

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

Philip Morris International Trading Up 0.5 %

PM stock opened at $125.81 on Friday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $127.45. The firm has a 50-day moving average of $113.87 and a two-hundred day moving average of $102.32. The firm has a market capitalization of $195.58 billion, a PE ratio of 24.57, a P/E/G ratio of 2.41 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its quarterly 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 net margin of 9.41% and a negative return on equity of 113.32%. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.45 earnings per share for the current year.

About Philip Morris International

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.