BHK Investment Advisors LLC purchased a new position in Philip Morris International (NYSE:PM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,124 shares of the company’s stock, valued at approximately $211,000.
Other institutional investors also recently bought and sold shares of the company. Front Row Advisors LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth $118,000. Wolverine Asset Management LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth $126,000. Cerebellum GP LLC purchased a new stake in Philip Morris International during the fourth quarter valued at about $128,000. Independence Bank of Kentucky purchased a new stake in Philip Morris International during the fourth quarter valued at about $129,000. Finally, Certified Advisory Corp purchased a new stake in Philip Morris International during the fourth quarter valued at about $130,000. 72.34% of the stock is owned by hedge funds and other institutional investors.
Philip Morris International opened at $80.34 on Friday, according to MarketBeat.com. The stock has a market capitalization of $127.00 billion, a PE ratio of 16.30, a P/E/G ratio of 1.61 and a beta of 0.88. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of -2.82. Philip Morris International has a 12 month low of $79.40 and a 12 month high of $123.55.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 19th. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.12. The firm had revenue of $6.90 billion for 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 earnings per share. analysts predict that Philip Morris International will post 5.23 earnings per share for the current year.
A number of research firms have weighed in on PM. ValuEngine downgraded Philip Morris International from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Deutsche Bank set a $100.00 price target on Philip Morris International and gave the company a “buy” rating in a research report on Tuesday, April 24th. Goldman Sachs Group downgraded Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, April 20th. Finally, Stifel Nicolaus lowered their price target on Philip Morris International from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, April 20th. Three 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’s stock. Philip Morris International has a consensus rating of “Hold” and an average price target of $116.86.
In other Philip Morris International news, insider Jerry Whitson bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 25th. The shares were bought at an average cost of $82.76 per share, with a total value of $248,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Miroslaw Zielinski bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The stock was acquired at an average cost of $81.56 per share, for a total transaction of $489,360.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 49,000 shares of company stock worth $3,989,640. Company insiders own 0.22% of the company’s stock.
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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