Atlantic Trust Group LLC Acquires 43,704 Shares of Philip Morris International Inc. (NYSE:PM)

Atlantic Trust Group LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 61.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,523 shares of the company’s stock after purchasing an additional 43,704 shares during the period. Atlantic Trust Group LLC’s holdings in Philip Morris International were worth $12,713,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Novare Capital Management LLC lifted its stake in shares of Philip Morris International by 0.3% in the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after acquiring an additional 5 shares during the period. Hudock Capital Group LLC lifted its stake in shares of Philip Morris International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after acquiring an additional 8 shares during the period. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Philip Morris International by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after acquiring an additional 10 shares during the period. Vantage Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 10 shares during the period. Finally, First Capital Advisors Group LLC. lifted its stake in shares of Philip Morris International by 0.3% in the 2nd quarter. First Capital Advisors Group LLC. now owns 3,490 shares of the company’s stock worth $410,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Philip Morris International Inc. (PM) traded down $0.68 during trading hours on Wednesday, reaching $102.37. 333,884 shares of the company’s stock traded hands, compared to its average volume of 5,598,851. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.68. Philip Morris International Inc. has a 52-week low of $96.66 and a 52-week high of $123.55. The stock has a market cap of $159,047.98, a P/E ratio of 26.45, a P/E/G ratio of 1.92 and a beta of 0.85.

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

Several analysts have recently commented on the stock. Wells Fargo & Co restated an “outperform” rating and issued a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Morgan Stanley increased their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Piper Jaffray Companies reiterated a “buy” rating and issued a $130.00 price target on shares of Philip Morris International in a report on Sunday, October 22nd. Jefferies Group reiterated a “hold” rating and issued a $114.00 price target on shares of Philip Morris International in a report on Friday, October 20th. Finally, Bank of America cut their price target 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target 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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