D Orazio & Associates Inc. Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

D Orazio & Associates Inc. grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,144 shares of the company’s stock after buying an additional 216 shares during the quarter. D Orazio & Associates Inc.’s holdings in Philip Morris International were worth $825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PM. Gilbert & Cook Inc. raised its position in shares of Philip Morris International by 3.8% during the 4th quarter. Gilbert & Cook Inc. now owns 10,946 shares of the company’s stock valued at $1,030,000 after purchasing an additional 404 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Philip Morris International by 5.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 55,451 shares of the company’s stock valued at $5,217,000 after purchasing an additional 2,656 shares during the period. Quotient Wealth Partners LLC bought a new stake in shares of Philip Morris International during the 4th quarter valued at $369,000. Apexium Financial LP increased its holdings in Philip Morris International by 10.1% in the 4th quarter. Apexium Financial LP now owns 2,717 shares of the company’s stock valued at $256,000 after acquiring an additional 250 shares during the last quarter. Finally, Jag Capital Management LLC increased its holdings in Philip Morris International by 2.3% in the 4th quarter. Jag Capital Management LLC now owns 5,549 shares of the company’s stock valued at $522,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other news, 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 transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, 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 transaction, the insider now directly owns 158,447 shares in the company, valued at $17,906,095.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Trading Down 1.2 %

PM stock opened at $125.26 on Thursday. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $128.22. The company has a 50-day moving average price of $115.38 and a 200 day moving average price of $103.06. The stock has a market cap of $194.72 billion, a PE ratio of 24.46, a P/E/G ratio of 2.45 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 6.47 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PM. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Barclays lifted their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.05.

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.