V Wealth Advisors LLC Has $245,000 Holdings in Philip Morris International Inc. (NYSE:PM)

V Wealth Advisors LLC cut its holdings in Philip Morris International Inc. (NYSE:PM) by 16.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,037 shares of the company’s stock after selling 592 shares during the quarter. V Wealth Advisors LLC’s holdings in Philip Morris International were worth $245,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Manchester Financial Inc. acquired a new stake in Philip Morris International in the second quarter valued at about $36,000. Brand Asset Management Group Inc. raised its position in shares of Philip Morris International by 34.9% during the second quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock worth $37,000 after acquiring an additional 122 shares during the last quarter. CX Institutional raised its position in shares of Philip Morris International by 432.1% during the first quarter. CX Institutional now owns 447 shares of the company’s stock worth $40,000 after acquiring an additional 363 shares during the last quarter. HMS Capital Management LLC bought a new position in shares of Philip Morris International during the second quarter worth about $46,000. Finally, Shamrock Asset Management LLC raised its position in shares of Philip Morris International by 53.9% during the first quarter. Shamrock Asset Management LLC now owns 571 shares of the company’s stock worth $50,000 after acquiring an additional 200 shares during the last quarter. 73.48% of the stock is currently owned by institutional investors and hedge funds.

PM stock traded up $0.11 during mid-day trading on Friday, reaching $82.59. The company’s stock had a trading volume of 2,869,153 shares, compared to its average volume of 5,486,409. The company has a market capitalization of $126.58 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The business’s 50 day moving average price is $82.16. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $92.74.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 18th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.13. The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.42 billion. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. As a group, equities research analysts expect that Philip Morris International Inc. will post 5.21 EPS for the current year.

In other Philip Morris International news, insider Mario Masseroli sold 1,100 shares of Philip Morris International stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $87.42, for a total value of $96,162.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael R. Kunst bought 1,000 shares of the stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $79.66 per share, with a total value of $79,660.00. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

A number of equities analysts have recently issued reports on PM shares. ValuEngine downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Bank of America upgraded Philip Morris International from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $81.00 to $94.00 in a research report on Friday, May 17th. Finally, Barclays upgraded Philip Morris International from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $82.00 to $100.00 in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Philip Morris International has a consensus rating of “Hold” and an average target price of $93.92.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

See Also: What is an Initial Public Offering (IPO)?

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.