Keel Point LLC Has $419,000 Position in Philip Morris International Inc (NYSE:PM)

Keel Point LLC reduced its position in shares of Philip Morris International Inc (NYSE:PM) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,710 shares of the company’s stock after selling 168 shares during the period. Keel Point LLC’s holdings in Philip Morris International were worth $419,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in PM. MEMBERS Trust Co purchased a new stake in shares of Philip Morris International during the first quarter worth $221,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Philip Morris International during the first quarter worth $19,958,000. Logan Capital Management Inc. increased its stake in shares of Philip Morris International by 15.9% in the first quarter. Logan Capital Management Inc. now owns 187,988 shares of the company’s stock worth $21,224,000 after buying an additional 25,843 shares in the last quarter. DF Dent & Co. Inc. increased its stake in shares of Philip Morris International by 2.6% in the first quarter. DF Dent & Co. Inc. now owns 3,493 shares of the company’s stock worth $394,000 after buying an additional 90 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Philip Morris International by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,064,097 shares of the company’s stock worth $571,737,000 after buying an additional 218,999 shares in the last quarter. Institutional investors and hedge funds own 72.45% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up 0.80% during mid-day trading on Friday, reaching $115.13. 669,390 shares of the company’s stock traded hands. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The company has a 50 day moving average of $117.70 and a 200 day moving average of $112.79. The company has a market cap of $178.82 billion, a price-to-earnings ratio of 25.51 and a beta of 0.93.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.09. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. Analysts expect that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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A number of analysts recently weighed in on the stock. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $134.00 price target on shares of Philip Morris International in a research report on Monday, July 31st. Citigroup Inc. reiterated a “neutral” rating and issued a $125.00 price target (down from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $122.00.

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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