HCR Wealth Advisors Has $640,000 Stake in Philip Morris International Inc. (NYSE:PM)

HCR Wealth Advisors trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,318 shares of the company’s stock after selling 140 shares during the period. HCR Wealth Advisors’ holdings in Philip Morris International were worth $640,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. DDFG Inc acquired a new position in Philip Morris International during the second quarter valued at $839,000. Oak Thistle LLC grew its stake in Philip Morris International by 5.0% during the 2nd quarter. Oak Thistle LLC now owns 7,905 shares of the company’s stock valued at $801,000 after acquiring an additional 379 shares in the last quarter. Morton Community Bank increased its holdings in shares of Philip Morris International by 6.1% in the 2nd quarter. Morton Community Bank now owns 33,848 shares of the company’s stock valued at $3,430,000 after purchasing an additional 1,941 shares during the period. Ballentine Partners LLC lifted its position in shares of Philip Morris International by 10.9% in the second quarter. Ballentine Partners LLC now owns 13,779 shares of the company’s stock worth $1,396,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of Philip Morris International by 69.9% during the second quarter. Caprock Group LLC now owns 41,575 shares of the company’s stock worth $4,267,000 after purchasing an additional 17,109 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays boosted their price target on shares of Philip Morris International from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, August 14th. Bank of America boosted 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, September 4th. Deutsche Bank Aktiengesellschaft upped their target price on Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $113.70.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 0.5 %

NYSE:PM opened at $125.81 on Monday. The firm has a market capitalization of $195.61 billion, a PE ratio of 24.57, a PEG ratio of 2.45 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $127.45. The firm’s fifty day simple moving average is $113.87 and its 200 day simple moving average is $102.40.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. As a group, analysts anticipate that Philip Morris International Inc. will post 6.47 EPS for the current fiscal year.

Philip Morris International Company 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.