Thompson Siegel & Walmsley LLC lifted its stake in shares of Philip Morris International Inc (NYSE:PM) by 1.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 44,529 shares of the company’s stock after buying an additional 495 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Philip Morris International were worth $5,230,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hourglass Capital LLC lifted its stake in shares of Philip Morris International by 0.9% during the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after buying an additional 650 shares during the last quarter. Wedbush Securities Inc. increased its position in Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after acquiring an additional 4,123 shares during the period. Suffolk Capital Management LLC bought a new position in Philip Morris International during the second quarter worth about $12,928,000. LMR Partners LLP increased its position in Philip Morris International by 274.0% during the second quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock worth $2,512,000 after acquiring an additional 15,671 shares during the period. Finally, HighTower Advisors LLC increased its position in Philip Morris International by 1.4% during the first quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock worth $58,076,000 after acquiring an additional 7,050 shares during the period. Institutional investors own 72.90% of the company’s stock.
Philip Morris International Inc (NYSE PM) traded down $0.35 during mid-day trading on Friday, reaching $103.18. 1,970,000 shares of the company’s stock traded hands, compared to its average volume of 4,103,639. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a market cap of $160,259.48, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.09 and a beta of 0.91.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the business earned $1.25 earnings per share. Philip Morris International’s quarterly revenue was up 7.4% compared to the same quarter last year. equities research analysts forecast that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.
A number of research firms recently commented on PM. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and raised their price target for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $120.00 price target on shares of Philip Morris International in a research report on Thursday, September 28th. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $135.00 price target (down from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $130.00 price target on shares of Philip Morris International in a research report on Sunday, October 22nd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Philip Morris International has an average rating of “Buy” and an average price target of $124.23.
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Philip Morris International Company Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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