Bradley Foster & Sargent Inc. CT grew its stake in Philip Morris International (NYSE:PM) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,979 shares of the company’s stock after purchasing an additional 864 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Philip Morris International were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Castleview Partners LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $437,000. Chase Investment Counsel Corp bought a new stake in Philip Morris International during the 1st quarter worth approximately $220,000. Bailard Inc. grew its position in Philip Morris International by 26.4% during the 1st quarter. Bailard Inc. now owns 4,566 shares of the company’s stock worth $454,000 after acquiring an additional 954 shares during the last quarter. Becker Capital Management Inc. grew its position in Philip Morris International by 30.2% during the 1st quarter. Becker Capital Management Inc. now owns 7,019 shares of the company’s stock worth $698,000 after acquiring an additional 1,628 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC grew its position in Philip Morris International by 56.5% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 37,835 shares of the company’s stock worth $3,761,000 after acquiring an additional 13,667 shares during the last quarter. Institutional investors own 72.70% of the company’s stock.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the transaction, the chief executive officer now owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 189,199 shares in the company, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 49,000 shares of company stock worth $3,989,640 and have sold 162,650 shares worth $14,713,540. 0.22% of the stock is currently owned by corporate insiders.
Philip Morris International opened at $79.93 on Wednesday, Marketbeat reports. Philip Morris International has a 52-week low of $79.40 and a 52-week high of $80.51. The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.68 and a current ratio of 1.16. The firm has a market cap of $126.22 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.59 and a beta of 0.88.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The firm had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. analysts expect that Philip Morris International will post 5.25 earnings per share for the current year.
A number of equities research analysts recently commented on PM shares. Citigroup decreased their price target on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Morgan Stanley increased their price target on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Finally, Piper Jaffray restated a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $116.86.
About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.
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