Parametric Portfolio Associates LLC Has $463.21 Million Stake in Philip Morris International Inc. (PM)

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.

TRADEMARK VIOLATION WARNING: “Parametric Portfolio Associates LLC Has $463.21 Million Stake in Philip Morris International Inc. (PM)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/14/parametric-portfolio-associates-llc-purchases-93027-shares-of-philip-morris-international-inc-pm.html.

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.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply