FineMark National Bank & Trust lifted its stake in Philip Morris International Inc. (NYSE:PM) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,749 shares of the company’s stock after purchasing an additional 942 shares during the period. FineMark National Bank & Trust’s holdings in Philip Morris International were worth $3,777,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vantage Investment Advisors LLC raised its stake in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after buying an additional 10 shares during the period. Financial Engines Advisors L.L.C. raised its stake in Philip Morris International by 399.2% during the 3rd 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 during the period. Cerebellum GP LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at about $128,000. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Philip Morris International in the 3rd quarter valued at about $135,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Philip Morris International by 13.9% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock valued at $144,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.
In other news, insider Marc S. Firestone sold 13,650 shares of the firm’s 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 in the company, valued at approximately $19,795,891.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s 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 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. 0.23% of the stock is owned by company insiders.
Philip Morris International Inc. (NYSE:PM) opened at $106.11 on Friday. The firm has a market capitalization of $164,810.00, a PE ratio of 21.61, a PEG ratio of 1.93 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 Inc. has a 1-year low of $96.66 and a 1-year high of $123.55.
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). 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 revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.10 EPS. sell-side analysts expect that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.
Several analysts have issued reports on PM shares. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley lifted their price target on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Bank of America dropped their price target on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Finally, Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Friday, January 19th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average 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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