Coho Partners Ltd. Has $158.84 Million Position in Philip Morris International Inc (PM)

Coho Partners Ltd. increased its holdings in Philip Morris International Inc (NYSE:PM) by 30.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,352,406 shares of the company’s stock after purchasing an additional 312,607 shares during the quarter. Philip Morris International accounts for 4.0% of Coho Partners Ltd.’s investment portfolio, making the stock its 12th biggest position. Coho Partners Ltd. owned 0.09% of Philip Morris International worth $158,840,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Acropolis Investment Management LLC increased its position 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 valued at $123,000 after acquiring an additional 5 shares during the period. Novare Capital Management LLC increased its position in shares of Philip Morris International by 0.3% in the second quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock valued at $216,000 after acquiring an additional 5 shares during the period. Baystate Wealth Management LLC increased its position in shares of Philip Morris International by 0.3% in the second quarter. Baystate Wealth Management LLC now owns 2,053 shares of the company’s stock valued at $244,000 after acquiring an additional 7 shares during the period. First Capital Advisors Group LLC. increased its position in shares of Philip Morris International by 0.3% in the second quarter. First Capital Advisors Group LLC. now owns 3,490 shares of the company’s stock valued at $410,000 after acquiring an additional 12 shares during the period. Finally, ClariVest Asset Management LLC increased its position in shares of Philip Morris International by 0.6% in the second quarter. ClariVest Asset Management LLC now owns 2,452 shares of the company’s stock valued at $288,000 after acquiring an additional 14 shares during the period. Institutional investors own 72.25% of the company’s stock.

Shares of Philip Morris International Inc (NYSE PM) opened at $103.02 on Friday. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. The company has a market cap of $160,010.97, a PE ratio of 22.94, a P/E/G ratio of 2.08 and a beta of 0.91.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the firm earned $1.25 EPS. The company’s revenue was up 7.4% on a year-over-year basis. analysts expect that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.

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A number of equities analysts have issued reports on PM shares. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Wells Fargo & Company restated an “outperform” rating and issued a $140.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 10th. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) upgraded shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a research report on Thursday, September 28th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $125.00 price objective (down previously from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $124.62.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Philip Morris International Profile

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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