Philip Morris International (PM) Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its position in shares of Philip Morris International (NYSE:PM) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,800 shares of the company’s stock after selling 1,200 shares during the period. Philip Morris International accounts for 2.0% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 13th biggest holding. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Philip Morris International were worth $13,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board grew its holdings in shares of Philip Morris International by 0.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 100,072 shares of the company’s stock valued at $10,573,000 after acquiring an additional 872 shares in the last quarter. Kings Point Capital Management grew its holdings in shares of Philip Morris International by 3.1% during the 4th quarter. Kings Point Capital Management now owns 64,335 shares of the company’s stock valued at $6,797,000 after acquiring an additional 1,915 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Philip Morris International by 7.2% during the 3rd quarter. TD Asset Management Inc. now owns 1,715,554 shares of the company’s stock valued at $190,443,000 after acquiring an additional 115,417 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Philip Morris International by 11.6% during the 4th quarter. Toronto Dominion Bank now owns 773,502 shares of the company’s stock valued at $81,720,000 after acquiring an additional 80,256 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Philip Morris International by 2.0% during the 4th quarter. BlackRock Inc. now owns 94,653,614 shares of the company’s stock valued at $10,000,154,000 after acquiring an additional 1,851,721 shares in the last quarter. Hedge funds and other institutional investors own 72.70% of the company’s stock.

PM has been the topic of several research analyst reports. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Goldman Sachs cut shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a report on Friday, April 20th. Cowen restated a “buy” rating and set a $105.00 price target on shares of Philip Morris International in a report on Friday, April 20th. TheStreet cut shares of Philip Morris International from a “b-” rating to a “c+” rating in a report on Tuesday, March 20th. Finally, Citigroup upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, February 28th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Hold” and an average price target of $116.86.

Shares of NYSE:PM opened at $80.75 on Friday. The firm has a market capitalization of $125.52 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.88. Philip Morris International has a 1 year low of $79.40 and a 1 year high of $123.55. The company has a debt-to-equity ratio of -2.82, a current ratio of 1.16 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.12. The firm had revenue of $6.90 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. Philip Morris International’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. equities analysts anticipate that Philip Morris International will post 5.23 EPS for the current year.

In other Philip Morris International news, insider Marc S. Firestone sold 13,650 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total transaction 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 approximately $19,795,891.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jerry Whitson bought 3,000 shares of the business’s stock in a transaction on Wednesday, April 25th. The shares were purchased at an average cost of $82.76 per share, with a total value of $248,280.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 49,000 shares of company stock valued at $3,989,640 and have sold 162,650 shares valued at $14,713,540. 0.22% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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