Trexquant Investment LP trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 72.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,627 shares of the company’s stock after selling 79,204 shares during the period. Trexquant Investment LP’s holdings in Philip Morris International were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Solstein Capital LLC acquired a new position in Philip Morris International during the fourth quarter valued at $28,000. Howard Wealth Management LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $43,000. CBIZ Investment Advisory Services LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $48,000. Key Financial Inc purchased a new position in Philip Morris International in the first quarter valued at about $41,000. Finally, S.A. Mason LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $49,000. 74.02% of the stock is currently owned by hedge funds and other institutional investors.
In other Philip Morris International news, insider Marc S. Firestone sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $86.27, for a total value of $1,897,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.
Philip Morris International stock opened at $70.45 on Friday. The business has a 50 day moving average price of $73.12 and a two-hundred day moving average price of $80.74. The stock has a market cap of $109.78 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. Philip Morris International Inc. has a 12 month low of $56.01 and a 12 month high of $90.17.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.13 by $0.08. The firm had revenue of $7.15 billion during the quarter, compared to analysts’ expectations of $6.87 billion. Philip Morris International had a negative return on equity of 84.38% and a net margin of 9.75%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 4.95 earnings per share for the current year.
A number of research analysts have commented on the company. Citigroup lowered their target price on Philip Morris International from $90.00 to $78.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $74.00 target price on the stock. in a research note on Wednesday, May 13th. Cowen upgraded Philip Morris International from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $102.00 in a research note on Thursday, February 13th. Panmure Gordon upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, April 3rd. Finally, UBS Group upped their price target on Philip Morris International from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and an average price target of $91.14.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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