Philip Morris International Inc (PM) Stake Maintained by Tarbox Family Office Inc.

Tarbox Family Office Inc. continued to hold its position in shares of Philip Morris International Inc (NYSE:PM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,895 shares of the company’s stock at the end of the second quarter. Philip Morris International comprises 0.3% of Tarbox Family Office Inc.’s investment portfolio, making the stock its 28th largest position. Tarbox Family Office Inc.’s holdings in Philip Morris International were worth $575,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. Acropolis Investment Management LLC raised its stake in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares during the last quarter. Hudock Capital Group LLC raised its stake in shares of Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock worth $354,000 after buying an additional 10 shares during the last quarter. Newman Dignan & Sheerar Inc. raised its stake in shares of Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock worth $669,000 after buying an additional 20 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of Philip Morris International by 0.6% in the first quarter. Argent Capital Management LLC now owns 3,260 shares of the company’s stock worth $368,000 after buying an additional 20 shares during the last quarter. Finally, Quotient Investors LLC raised its stake in shares of Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock worth $579,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 72.30% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded down 0.52% during trading on Friday, hitting $115.33. The stock had a trading volume of 4,178,162 shares. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The stock has a market cap of $179.13 billion, a P/E ratio of 25.56 and a beta of 0.93. The stock’s 50 day moving average price is $117.20 and its 200-day moving average price is $113.64.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the firm posted $1.15 earnings per share. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on the company. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and boosted their price target for the company from $118.00 to $119.00 in a report on Friday, August 11th. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Bank of America Corporation upped their target price on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Finally, Jefferies Group LLC upped their target price on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $121.79.

About Philip Morris International

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

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

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