Miles Capital Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 40.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,758 shares of the company’s stock after acquiring an additional 2,229 shares during the period. Miles Capital Inc.’s holdings in Philip Morris International were worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Clean Yield Group acquired a new stake in Philip Morris International in the 4th quarter worth approximately $37,000. Vigilant Capital Management LLC boosted its stake in Philip Morris International by 195.6% in the 4th quarter. Vigilant Capital Management LLC now owns 665 shares of the company’s stock worth $44,000 after purchasing an additional 440 shares in the last quarter. Alpha Windward LLC acquired a new stake in Philip Morris International in the 4th quarter worth approximately $50,000. Shine Investment Advisory Services Inc. boosted its stake in Philip Morris International by 25.7% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 1,315 shares of the company’s stock worth $88,000 after purchasing an additional 269 shares in the last quarter. Finally, Winthrop Advisory Group LLC acquired a new stake in Philip Morris International in the 4th quarter worth approximately $102,000. Institutional investors own 73.17% of the company’s stock.
PM has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $100.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group lowered shares of Philip Morris International from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $92.00 to $74.00 in a research report on Tuesday, December 18th. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $80.00 price target on shares of Philip Morris International in a research report on Sunday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.25.
NYSE:PM opened at $79.98 on Monday. The company has a market cap of $124.34 billion, a PE ratio of 15.68, a PEG ratio of 1.70 and a beta of 0.91. Philip Morris International Inc. has a 1-year low of $64.67 and a 1-year high of $109.90.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 7th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.09. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.46 billion. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.32 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 5.38 earnings per share for the current year.
In other news, Director Louis C. Camilleri sold 59,495 shares of Philip Morris International stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $86.98, for a total transaction of $5,174,875.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by insiders.
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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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