Benedict Financial Advisors Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 48,221 shares of the company’s stock after buying an additional 172 shares during the period. Philip Morris International comprises approximately 2.7% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Benedict Financial Advisors Inc.’s holdings in Philip Morris International were worth $4,698,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in Philip Morris International during the first quarter worth approximately $829,000. Boothbay Fund Management LLC acquired a new position in Philip Morris International during the first quarter worth approximately $303,000. First American Trust FSB raised its position in Philip Morris International by 9.1% in the second quarter. First American Trust FSB now owns 6,158 shares of the company’s stock worth $626,000 after buying an additional 513 shares in the last quarter. Marshwinds Advisory Co. raised its position in Philip Morris International by 2.4% in the second quarter. Marshwinds Advisory Co. now owns 4,687 shares of the company’s stock worth $477,000 after buying an additional 111 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its position in Philip Morris International by 0.5% in the second quarter. Stock Yards Bank & Trust Co. now owns 36,401 shares of the company’s stock worth $3,703,000 after buying an additional 178 shares in the last quarter. 70.27% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Philip Morris International Inc. (NYSE:PM) traded down 2.56% during mid-day trading on Wednesday, hitting $88.28. 8,426,073 shares of the stock traded hands. The firm has a market capitalization of $136.95 billion, a P/E ratio of 21.12 and a beta of 0.91. Philip Morris International Inc. has a 1-year low of $84.46 and a 1-year high of $104.20. The company has a 50-day moving average of $93.71 and a 200 day moving average of $98.33.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.02. The company had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $7.01 billion. Philip Morris International had a net margin of 8.77% and a negative return on equity of 59.94%. Philip Morris International’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. On average, equities research analysts anticipate that Philip Morris International Inc. will post $4.53 EPS for the current year.

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A number of equities research analysts have issued reports on PM shares. Goldman Sachs Group Inc. upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $106.00 to $114.00 in a research note on Monday, September 12th. Citigroup Inc. started coverage on shares of Philip Morris International in a research note on Tuesday, September 13th. They set a “neutral” rating and a $106.00 price objective on the stock. Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, September 13th. Wells Fargo & Co. reiterated an “outperform” rating on shares of Philip Morris International in a research note on Thursday, September 15th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Tuesday, September 20th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $104.82.

In other news, Director Jun Makihara bought 2,000 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was acquired at an average price of $89.22 per share, with a total value of $178,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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