Signature Financial Management Inc. Acquires 1,068 Shares of Philip Morris International Inc. (NYSE:PM)

Signature Financial Management Inc. raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 16.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,499 shares of the company’s stock after purchasing an additional 1,068 shares during the period. Signature Financial Management Inc.’s holdings in Philip Morris International were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Guidant Wealth Advisors raised its position in Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the period. NewSquare Capital LLC raised its position in Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after purchasing an additional 100,228 shares during the period. Vantage Investment Advisors LLC raised its position in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the period. Financial Engines Advisors L.L.C. increased its position in shares of Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after acquiring an additional 962 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Philip Morris International by 13.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after acquiring an additional 150 shares during the period. 72.31% of the stock is owned by institutional investors and hedge funds.

Shares of Philip Morris International Inc. (PM) opened at $102.40 on Tuesday. The company has a market cap of $159,050.00, a PE ratio of 26.46, a PEG ratio of 1.99 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.68 and a current ratio of 1.35. Philip Morris International Inc. has a one year low of $96.66 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. research analysts forecast that Philip Morris International Inc. will post 5.28 EPS for the current fiscal year.

Several brokerages recently issued reports on PM. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies reissued an “overweight” rating and set a $137.00 price objective (up from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Wells Fargo & Co restated an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Citigroup lowered their target price on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Finally, Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Philip Morris International presently has an average rating of “Buy” and an average target price of $123.79.

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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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