Intercontinental Wealth Advisors LLC Purchases New Holdings in Philip Morris International Inc (PM)

Intercontinental Wealth Advisors LLC purchased a new stake in Philip Morris International Inc (NYSE:PM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,962 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors have also recently bought and sold shares of the company. Guidant Wealth Advisors lifted its stake in Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. American Beacon Advisors Inc. acquired a new position in Philip Morris International in the first quarter valued at about $114,000. Acropolis Investment Management LLC lifted its stake in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the period. BDO Wealth Advisors LLC acquired a new position in Philip Morris International in the second quarter valued at about $178,000. Finally, Burt Wealth Advisors raised its position in shares of Philip Morris International by 33.0% during the second quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock worth $189,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 72.90% of the company’s stock.

In related news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on PM shares. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the stock a “buy” rating in a research report on Thursday, November 16th. Jefferies Group LLC dropped their price target on Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Bank of America Corporation dropped their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Philip Morris International has a consensus rating of “Buy” and an average price target of $124.23.

Shares of Philip Morris International Inc (NYSE PM) traded down $0.36 during trading on Monday, reaching $103.18. The company had a trading volume of 1,970,500 shares, compared to its average volume of 4,093,468. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The firm has a market cap of $160,259.48, a price-to-earnings ratio of 22.98, a PEG ratio of 2.09 and a beta of 0.91. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $7.75 billion. During the same period in the prior year, the business posted $1.25 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts anticipate that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.

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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.

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

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