Philip Morris International Inc. (PM) Stake Decreased by Westpac Banking Corp

Westpac Banking Corp lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,466 shares of the company’s stock after selling 29,872 shares during the period. Westpac Banking Corp’s holdings in Philip Morris International were worth $10,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PM. Vanguard Group Inc. raised its holdings in Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after purchasing an additional 2,972,929 shares in the last quarter. BlackRock Inc. raised its holdings in Philip Morris International by 2.7% during the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after purchasing an additional 2,421,533 shares in the last quarter. FMR LLC raised its holdings in Philip Morris International by 12.5% during the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after purchasing an additional 2,330,864 shares in the last quarter. Legal & General Group Plc raised its holdings in Philip Morris International by 2.9% during the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock worth $871,687,000 after purchasing an additional 210,869 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Philip Morris International by 6.1% during the second quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock worth $816,852,000 after purchasing an additional 397,015 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors.

Several brokerages recently commented on PM. Piper Jaffray Companies reissued a “buy” rating and set a $130.00 target price on shares of Philip Morris International in a report on Sunday, October 22nd. Jefferies Group reissued a “hold” rating and set a $114.00 target price on shares of Philip Morris International in a report on Friday, October 20th. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Morgan Stanley boosted their target price on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Bank of America dropped their target price on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $123.79.

Philip Morris International Inc. (NYSE PM) opened at $103.05 on Wednesday. The stock has a market capitalization of $159,047.98, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85. Philip Morris International Inc. has a twelve month low of $96.66 and a twelve month high of $123.55. 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 (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. Philip Morris International’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 EPS. equities research analysts forecast that Philip Morris International Inc. will post 5.28 EPS 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.

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

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