Teacher Retirement System of Texas raised its stake in shares of Philip Morris International (NYSE:PM) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 853,528 shares of the company’s stock after purchasing an additional 34,579 shares during the period. Teacher Retirement System of Texas owned 0.05% of Philip Morris International worth $84,841,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Front Row Advisors LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $118,000. Wolverine Asset Management LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $126,000. Cerebellum GP LLC bought a new position in shares of Philip Morris International in the 4th quarter worth about $128,000. Independence Bank of Kentucky bought a new position in shares of Philip Morris International in the 4th quarter worth about $129,000. Finally, Certified Advisory Corp bought a new position in shares of Philip Morris International in the 4th quarter worth about $130,000. 72.34% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on PM. ValuEngine lowered Philip Morris International from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Morgan Stanley boosted their target price on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Stifel Nicolaus decreased their target price on Philip Morris International from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, April 20th. Bank of America decreased their target price on 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. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $126.00 target price on shares of Philip Morris International in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $116.86.
Philip Morris International opened at $80.15 on Tuesday, MarketBeat reports. The stock has a market cap of $125.52 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.59 and a beta of 0.88. 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 has a 52-week low of $79.40 and a 52-week high of $123.55.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $7.03 billion. Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. analysts forecast that Philip Morris International will post 5.23 EPS for the current year.
In other Philip Morris International news, Director Louis C. Camilleri sold 100,000 shares of Philip Morris International stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $82.06, for a total transaction of $8,206,000.00. Following the completion of the transaction, the director now owns 660,172 shares in the company, valued at approximately $54,173,714.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer Li purchased 40,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were bought at an average price of $81.30 per share, with a total value of $3,252,000.00. Following the purchase, the director now directly owns 47,323 shares in the company, valued at approximately $3,847,359.90. The disclosure for this purchase can be found here. In the last quarter, 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 currently owned by insiders.
Philip Morris International Company Profile
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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