Sapient Capital LLC cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,023 shares of the company's stock after selling 3,249 shares during the period. Sapient Capital LLC's holdings in Philip Morris International were worth $22,895,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Philip Morris International by 23.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock worth $6,828,000 after purchasing an additional 10,703 shares in the last quarter. Empire Life Investments Inc. increased its position in shares of Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock worth $11,364,000 after purchasing an additional 9,789 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in shares of Philip Morris International by 80.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock worth $922,000 after purchasing an additional 3,425 shares in the last quarter. Brighton Jones LLC increased its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Finally, Symmetry Investments LP acquired a new position in Philip Morris International in the 4th quarter valued at about $1,966,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently issued reports on PM shares. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Needham & Company LLC started coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Barclays boosted their price target on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus boosted their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Citigroup boosted their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $175.30.
View Our Latest Stock Report on Philip Morris International
Philip Morris International Stock Performance
PM traded up $0.61 during trading on Thursday, reaching $183.98. The company's stock had a trading volume of 5,616,413 shares, compared to its average volume of 5,611,045. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $184.33. The company's fifty day moving average price is $169.29 and its 200-day moving average price is $148.50. The company has a market capitalization of $286.37 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.
Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 EPS. Equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.
Philip Morris International Profile
(
Free Report)
Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
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