WoodTrust Financial Corp acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,396 shares of the company’s stock, valued at approximately $2,894,000. Philip Morris International makes up about 1.5% of WoodTrust Financial Corp’s investment portfolio, making the stock its 21st biggest position.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Investment Advisors LLC boosted its stake in Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after buying an additional 10 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its stake in Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after buying an additional 962 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in Philip Morris International in the third quarter worth approximately $135,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Philip Morris International by 13.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after buying an additional 150 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Philip Morris International in the second quarter worth approximately $145,000. 72.31% of the stock is owned by institutional investors.
Shares of Philip Morris International Inc. (NYSE:PM) opened at $104.31 on Friday. 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 12-month low of $96.66 and a 12-month high of $123.55. The firm has a market capitalization of $162,017.42, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 1.96 and a beta of 0.85.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. equities research analysts forecast that Philip Morris International Inc. will post 5.27 EPS for the current fiscal year.
Several brokerages have issued reports on PM. Bank of America cut their target price on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $126.00 target price on shares of Philip Morris International in a research note on Thursday, February 8th. Morgan Stanley upped their target price on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Citigroup cut their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co reaffirmed 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. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Philip Morris International currently has a consensus rating of “Buy” and an average target price of $123.79.
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About Philip Morris International
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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