Sentry Investment Management LLC Has $754,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Sentry Investment Management LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 23.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,983 shares of the company's stock after selling 1,488 shares during the quarter. Sentry Investment Management LLC's holdings in Philip Morris International were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of PM. Omnia Family Wealth LLC boosted its stake in shares of Philip Morris International by 1.7% in the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after purchasing an additional 65 shares in the last quarter. Meridian Wealth Partners LLC increased its position in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after purchasing an additional 70 shares in the last quarter. NewSquare Capital LLC lifted its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after buying an additional 73 shares in the last quarter. Finally, Balboa Wealth Partners grew its stake in Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after buying an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Philip Morris International stock traded up $0.95 during mid-day trading on Thursday, reaching $181.61. 3,549,916 shares of the company were exchanged, compared to its average volume of 5,611,458. The firm has a market cap of $282.68 billion, a PE ratio of 40.27, a PEG ratio of 2.65 and a beta of 0.52. The company has a fifty day simple moving average of $166.88 and a 200-day simple moving average of $146.75. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup upped their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Needham & Company LLC started coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, Barclays increased their price objective on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $175.30.

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.