Addison Advisors LLC owns $270,000 in Philip Morris International Inc. (NYSE:PM)

Addison Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,661 shares of the company’s stock after purchasing an additional 138 shares during the quarter. Addison Advisors LLC’s holdings in Philip Morris International were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Iron Horse Wealth Management LLC boosted its holdings in shares of Philip Morris International by 684.4% in the second quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock valued at $25,000 after purchasing an additional 219 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Philip Morris International by 57.4% in the second quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after buying an additional 116 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 230 shares in the last quarter. Olistico Wealth LLC purchased a new stake in shares of Philip Morris International in the second quarter valued at $34,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Philip Morris International in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 78.63% of the company’s shares.

Philip Morris international stocks rose 0.5%

Shares of NYSE:PM opened at $125.81 on Friday. The firm has a market cap of $195.58 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.41 and a beta of 0.55. Philip Morris International Inc. it has a 12-month low of $87.23 and a 12-month high of $127.45. The company has a fifty day simple moving average of $113.87 and a 200 day simple moving average of $102.23.

Philip Morris International (NYSE:PM – Get Free Report ) last announced its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. Philip Morris International’s revenue for the quarter was up 5.6% compared to the same quarter last year. In the same period last year, the company earned $1.60 EPS. As a group, equities research analysts expect Philip Morris International Inc. to post 6.45 EPS for the current year.

Changes in Analyst Ratings

A number of equities research analysts have covered the company. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Bank of America upped their price target on Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays boosted their target price on Philip Morris International from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their price target on Philip Morris International from $120.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” 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 assigned a buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.70, based on data from MarketBeat.

Get the latest analysis on Philip Morris International

Insider trading at Philip Morris International

In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. In other news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the business’s 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 of the company’s stock, valued at $17,906,095.47. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s shares.

Philip Morris International Company Profile

(Free report)

Philip Morris International Inc operates as a tobacco company working to deliver a smoke-free future and a long-term evolving portfolio to include products outside the tobacco and nicotine sector. The company’s product portfolio consists primarily of cigarettes and smokeless products, including smokeless heat, vapor and oral nicotine products, primarily under the IQOS and ZYN brands; and consumer accessories such as lighters and matches.

Featured stories

Want to see what other hedge funds own PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Philip Morris International Inc. (NYSE:PM – Free Report).

Get news and reviews 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.