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.
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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