Massmutual Trust Co. FSB ADV boosted its stake in Philip Morris International Inc (NYSE:PM) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,181 shares of the company’s stock after buying an additional 206 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Philip Morris International were worth $3,633,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Philip Morris International during the fourth quarter worth $106,000. Gradient Investments LLC increased its position in shares of 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 period. Welch Investments LLC bought a new position in shares of Philip Morris International during the first quarter worth $113,000. Acropolis Investment Management LLC bought a new position in shares of Philip Morris International during the first quarter worth $117,000. Finally, Gemmer Asset Management LLC increased its position in shares of 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 period. Hedge funds and other institutional investors own 72.45% of the company’s stock.
Philip Morris International Inc (NYSE PM) opened at 114.88 on Friday. The company has a market capitalization of $178.43 billion, a PE ratio of 25.46 and a beta of 0.93. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The firm’s 50-day moving average is $117.56 and its 200-day moving average is $112.93.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS. Equities analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.
Several research firms have commented on PM. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $133.00 price objective (down from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price objective on the stock. in a report on Monday, May 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Philip Morris International in a report on Wednesday, April 19th. Finally, Bank of America Corporation increased their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company currently 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.
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