Commerzbank Aktiengesellschaft FI Raises Position in Philip Morris International Inc. (PM)

Commerzbank Aktiengesellschaft FI increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 141.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 220,219 shares of the company’s stock after acquiring an additional 128,873 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Philip Morris International were worth $23,266,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. NewSquare Capital LLC boosted its position in shares of Philip Morris International by 6,572.3% during the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after acquiring an additional 100,228 shares during the last quarter. Vantage Investment Advisors LLC boosted its position in shares of Philip Morris International by 1.0% during the second 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 last quarter. Cerebellum GP LLC bought a new position in Philip Morris International during the fourth quarter valued at $128,000. Financial Engines Advisors L.L.C. lifted its position in Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after purchasing an additional 962 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in Philip Morris International during the fourth quarter valued at $134,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Several equities analysts have commented on the stock. Bank of America lowered their price objective on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $126.00 price objective on shares of Philip Morris International in a research report on Thursday, February 8th. Morgan Stanley increased their price objective on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Friday, January 19th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.79.

Shares of Philip Morris International Inc. (NYSE PM) opened at $102.85 on Wednesday. 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 cap of $159,750.00, a price-to-earnings ratio of 26.51, a PEG ratio of 1.96 and a beta of 0.85. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06.

Philip Morris International (NYSE:PM) last announced 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 firm had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. During the same period in the prior year, the company posted $1.10 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. sell-side analysts expect that Philip Morris International Inc. will post 5.27 EPS for the current 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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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