NS Partners Ltd Increases Position in Philip Morris International Inc (NYSE:PM)

NS Partners Ltd raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 168.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,882 shares of the company’s stock after buying an additional 96,460 shares during the period. Philip Morris International accounts for 2.5% of NS Partners Ltd’s holdings, making the stock its 4th largest position. NS Partners Ltd’s holdings in Philip Morris International were worth $17,373,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Philip Morris International during the fourth quarter worth about $106,000. Gradient Investments LLC increased its stake in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the last quarter. Welch Investments LLC purchased a new stake in Philip Morris International during the first quarter worth about $113,000. Acropolis Investment Management LLC purchased a new stake in Philip Morris International during the first quarter worth about $117,000. Finally, Gemmer Asset Management LLC increased its stake in Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares during the last quarter. 72.45% of the stock is currently owned by institutional investors.

Philip Morris International Inc (NYSE:PM) traded up 0.78% during trading on Friday, reaching $115.11. The company had a trading volume of 670,610 shares. The firm has a market capitalization of $178.79 billion, a price-to-earnings ratio of 25.51 and a beta of 0.93. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The company’s 50-day moving average is $117.70 and its 200 day moving average is $112.79.

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

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A number of analysts have issued reports on the company. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (down previously from $128.00) on shares of Philip Morris International in a research note on Monday, July 24th. Finally, Bank of America Corporation boosted their target price on Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $122.00.

About Philip Morris International

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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