Venturi Wealth Management LLC Has $5.80 Million Holdings in Philip Morris International (PM)

Venturi Wealth Management LLC boosted its stake in Philip Morris International (NYSE:PM) by 17.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,309 shares of the company’s stock after buying an additional 8,612 shares during the period. Venturi Wealth Management LLC’s holdings in Philip Morris International were worth $5,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Cadence Capital Management LLC grew its stake in shares of Philip Morris International by 6.4% in the third quarter. Cadence Capital Management LLC now owns 120,244 shares of the company’s stock worth $13,348,000 after purchasing an additional 7,233 shares in the last quarter. LVW Advisors LLC grew its stake in shares of Philip Morris International by 12.1% in the third quarter. LVW Advisors LLC now owns 29,896 shares of the company’s stock worth $3,319,000 after purchasing an additional 3,238 shares in the last quarter. Twin Capital Management Inc. grew its stake in shares of Philip Morris International by 11.6% in the third quarter. Twin Capital Management Inc. now owns 129,200 shares of the company’s stock worth $14,342,000 after purchasing an additional 13,410 shares in the last quarter. Amalgamated Bank grew its stake in shares of Philip Morris International by 2.0% in the third quarter. Amalgamated Bank now owns 175,910 shares of the company’s stock worth $19,528,000 after purchasing an additional 3,397 shares in the last quarter. Finally, Zeke Capital Advisors LLC grew its stake in shares of Philip Morris International by 75.1% in the third quarter. Zeke Capital Advisors LLC now owns 22,200 shares of the company’s stock worth $2,464,000 after purchasing an additional 9,518 shares in the last quarter. 72.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Philip Morris International opened at $80.02 on Wednesday, Marketbeat Ratings reports. Philip Morris International has a fifty-two week low of $79.40 and a fifty-two week high of $123.55. The stock has a market cap of $124.59 billion, a P/E ratio of 16.23, a PEG ratio of 1.58 and a beta of 0.88. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of -2.82.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $6.90 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. sell-side analysts predict that Philip Morris International will post 5.23 EPS for the current fiscal year.

In related news, Director Jennifer Li purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The stock was acquired at an average price of $81.30 per share, for a total transaction of $3,252,000.00. Following the transaction, the director now directly owns 47,323 shares of the company’s stock, valued at approximately $3,847,359.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction on 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. In the last ninety days, insiders have purchased 49,000 shares of company stock valued at $3,989,640 and have sold 162,650 shares valued at $14,713,540. Company insiders own 0.22% of the company’s stock.

Several research analysts have recently issued reports on PM shares. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Goldman Sachs cut Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 20th. Bank of America cut Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $113.00 to $88.00 in a research note on Friday, April 20th. Deutsche Bank started coverage on Philip Morris International in a research note on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on Philip Morris International from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, April 20th. Three investment 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 stock has a consensus rating of “Hold” and a consensus target price of $116.86.

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

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