Recently, financial management firm Mission Wealth Management increased its stake in Philip Morris International (PMI) by 64.0% in the second quarter, according to HoldingsChannel. After purchasing an additional 5337 shares during this period, Mission Wealth Management currently holds a total of 13682 shares in the company. As of the end of the most recent quarter, the value of PMI stock held by Mission Wealth Management reached $1.336 million.
Mission Wealth Management is a financial management and investment consulting company. It offers services such as financial planning, investment management, retirement planning, tax planning, and strives to help clients manage their financial assets, establish long-term financial goals, and optimize investment portfolios. This company typically represents clients in investing in stocks, bonds, funds, and other asset categories to achieve their financial objectives.
Several other institutional investors have also recently traded PM's stocks. Green Square Capital Advisors LLC entered PMI in the second quarter, acquiring shares worth approximately $232,000.
Herold Advisors Inc increased its investment in PMI by 8.6% in the second quarter, now holding 5,484 shares worth approximately $535,000.
EP Wealth Advisors LLC purchased approximately $98,000 in shares of PMI in the first quarter.
Cullen Frost Bankers Inc. increased its stake in Philip Morris International by 1.4% in the second quarter, now owning 305,612 shares valued at approximately $29.834 million.
Finally, Clear Harbor Asset Management LLC increased its stake in PMI by 59.0% in the first quarter, now holding 4,214 shares worth approximately $410,000.
At present, institutional investors and hedge funds hold 79.70% of the shares.
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