Philip Morris International Inc (PM) is Alley Co LLC’s 4th Largest Position

Alley Co LLC raised its stake in Philip Morris International Inc (NYSE:PM) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,428 shares of the company’s stock after buying an additional 3,735 shares during the period. Philip Morris International comprises approximately 2.8% of Alley Co LLC’s holdings, making the stock its 4th largest position. Alley Co LLC’s holdings in Philip Morris International were worth $7,048,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $106,000. Dodge & Cox bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $1,821,000. Access Financial Services Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $510,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $235,000. Finally, SNS Financial Group LLC increased its position in shares of Philip Morris International by 29.0% in the fourth quarter. SNS Financial Group LLC now owns 12,471 shares of the company’s stock worth $1,141,000 after buying an additional 2,806 shares during the last quarter. 72.30% of the stock is currently owned by institutional investors.

Shares of Philip Morris International Inc (PM) opened at 115.33 on Friday. The stock has a 50 day moving average of $117.20 and a 200 day moving average of $113.64. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a market cap of $179.13 billion, a price-to-earnings ratio of 25.56 and a beta of 0.93.

Philip Morris International (NYSE:PM) last released its quarterly 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 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 business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 earnings per share. On average, equities 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 have issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $121.00 target price on shares of Philip Morris International in a research note on Tuesday, June 20th. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 target price for the company. in a research note on Monday, May 8th. SBG Securities upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and lifted their target price for the company from $118.00 to $119.00 in a research note on Friday, August 11th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a research note on Sunday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $121.79.

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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