Parametric Portfolio Associates LLC boosted its position in Philip Morris International Inc. (NYSE:PM) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,172,660 shares of the company’s stock after purchasing an additional 93,027 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.27% of Philip Morris International worth $463,207,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of PM. Ronald Blue & Co. LLC increased its stake in Philip Morris International by 5.7% during the 2nd quarter. Ronald Blue & Co. LLC now owns 5,273 shares of the company’s stock valued at $620,000 after buying an additional 285 shares during the period. ST Germain D J Co. Inc. increased its stake in Philip Morris International by 34.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 2,653 shares of the company’s stock valued at $312,000 after buying an additional 683 shares during the period. Enterprise Financial Services Corp increased its stake in Philip Morris International by 7.1% during the 2nd quarter. Enterprise Financial Services Corp now owns 7,409 shares of the company’s stock valued at $870,000 after buying an additional 494 shares during the period. Garde Capital Inc. increased its stake in Philip Morris International by 0.9% during the 2nd quarter. Garde Capital Inc. now owns 5,314 shares of the company’s stock valued at $624,000 after buying an additional 50 shares during the period. Finally, Kanawha Capital Management LLC increased its stake in Philip Morris International by 1.5% during the 2nd quarter. Kanawha Capital Management LLC now owns 24,514 shares of the company’s stock valued at $2,879,000 after buying an additional 352 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $137.00 price objective (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 price objective (down previously from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Citigroup lowered their price objective on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Finally, Jefferies Group raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock 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 a consensus rating of “Buy” and an average price target of $123.79.
Philip Morris International Inc. (NYSE PM) traded down $0.02 during trading on Wednesday, hitting $103.03. 2,023,257 shares of the stock traded hands, compared to its average volume of 5,653,143. The stock has a market capitalization of $159,047.98, a P/E ratio of 26.61, a P/E/G ratio of 1.92 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 1-year low of $96.66 and a 1-year high of $123.55.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business earned $1.10 earnings per share. research analysts predict that Philip Morris International Inc. will post 5.28 earnings per share for the current fiscal year.
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Philip Morris International Company 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.
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