Amalgamated Bank Acquires 3,397 Shares of Philip Morris International Inc. (PM)

Amalgamated Bank increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,910 shares of the company’s stock after acquiring an additional 3,397 shares during the quarter. Philip Morris International makes up approximately 0.6% of Amalgamated Bank’s holdings, making the stock its 28th biggest holding. Amalgamated Bank’s holdings in Philip Morris International were worth $19,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Acropolis Investment Management LLC increased its stake 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 purchasing an additional 5 shares during the period. Novare Capital Management LLC boosted its holdings 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 in the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Philip Morris International by 0.3% in the second quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock valued at $369,000 after acquiring an additional 8 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Philip Morris International by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock valued at $396,000 after acquiring an additional 10 shares in the last quarter. Finally, Vantage Investment Advisors LLC boosted its holdings in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Philip Morris International Inc. (NYSE:PM) traded down $0.51 during trading on Wednesday, reaching $102.54. 4,250,000 shares of the company were exchanged, compared to its average volume of 5,790,000. Philip Morris International Inc. has a 1 year low of $96.66 and a 1 year high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The firm has a market cap of $159,270.00, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85.

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

A number of brokerages recently weighed in on PM. Wells Fargo & Co restated an “outperform” rating and set a $135.00 target price (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Morgan Stanley raised their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Jefferies Group restated a “hold” rating and set a $114.00 target price on shares of Philip Morris International in a report on Friday, October 20th. Piper Jaffray Companies restated a “buy” rating and set a $130.00 target price on shares of Philip Morris International in a report on Sunday, October 22nd. Finally, Bank of America reduced their target price on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $123.79.

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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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