Northeast Investment Management Has $838,000 Position in Philip Morris International Inc. (PM)

Northeast Investment Management boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,928 shares of the company’s stock after purchasing an additional 530 shares during the quarter. Northeast Investment Management’s holdings in Philip Morris International were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Twin Capital Management Inc. increased its stake in Philip Morris International by 1.1% during the fourth quarter. Twin Capital Management Inc. now owns 130,680 shares of the company’s stock worth $13,806,000 after acquiring an additional 1,480 shares during the last quarter. Financial Advisory Service Inc. increased its stake in Philip Morris International by 12.0% during the fourth quarter. Financial Advisory Service Inc. now owns 6,138 shares of the company’s stock worth $649,000 after acquiring an additional 657 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new stake in Philip Morris International during the fourth quarter worth about $1,434,000. Farmers Trust Co. increased its stake in Philip Morris International by 11.8% during the fourth quarter. Farmers Trust Co. now owns 17,297 shares of the company’s stock worth $1,828,000 after acquiring an additional 1,824 shares during the last quarter. Finally, Verus Financial Partners Inc. increased its stake in Philip Morris International by 3.0% during the fourth quarter. Verus Financial Partners Inc. now owns 33,460 shares of the company’s stock worth $3,535,000 after acquiring an additional 980 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

PM has been the subject of several research analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a research note on Thursday, February 8th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Friday, January 19th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Bank of America dropped their price target 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. Finally, Citigroup dropped their price target 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $123.79.

In related news, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the completion of the transaction, the insider now owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the completion of the transaction, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc. (PM) opened at $106.11 on Friday. Philip Morris International Inc. has a 1 year low of $96.66 and a 1 year high of $123.55. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The firm has a market capitalization of $164,810.00, a PE ratio of 21.61, a PEG ratio of 1.95 and a beta of 0.85.

Philip Morris International (NYSE:PM) last issued 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). The company 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%. Philip Morris International’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. research analysts expect that Philip Morris International Inc. will post 5.27 EPS for the current fiscal year.

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Philip Morris International 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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