Massmutual Trust Co. FSB ADV Raises Stake in Philip Morris International Inc (PM)

Massmutual Trust Co. FSB ADV raised its stake in Philip Morris International Inc (NYSE:PM) by 0.6% during the first quarter, according to its most recent filing with the 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.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. Daiwa Securities Group Inc. boosted its position in shares of Philip Morris International by 5.5% in the first quarter. Daiwa Securities Group Inc. now owns 64,200 shares of the company’s stock valued at $7,248,000 after buying an additional 3,350 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of Philip Morris International by 70.4% in the first quarter. Moody Lynn & Lieberson LLC now owns 11,007 shares of the company’s stock valued at $1,243,000 after buying an additional 4,549 shares during the last quarter. Grisanti Capital Management LLC boosted its position in shares of Philip Morris International by 67.8% in the first quarter. Grisanti Capital Management LLC now owns 8,910 shares of the company’s stock valued at $1,006,000 after buying an additional 3,600 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of Philip Morris International by 2.1% in the first quarter. Bbva Compass Bancshares Inc. now owns 101,927 shares of the company’s stock valued at $11,508,000 after buying an additional 2,096 shares during the last quarter. Finally, New England Investment & Retirement Group Inc. boosted its position in shares of Philip Morris International by 1.3% in the first quarter. New England Investment & Retirement Group Inc. now owns 23,566 shares of the company’s stock valued at $2,661,000 after buying an additional 313 shares during the last quarter. Institutional investors own 72.30% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded down 0.52% during midday trading on Friday, reaching $115.33. 4,178,162 shares of the company’s stock traded hands. The company has a market capitalization of $179.13 billion, a PE ratio of 25.56 and a beta of 0.93. The stock’s 50 day moving average is $117.20 and its 200-day moving average is $113.64. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last posted 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 firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.15 EPS. On average, analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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PM has been the subject of several analyst reports. BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and increased their price target for the company from $118.00 to $119.00 in a research report on Friday, August 11th. Piper Jaffray Companies reissued an “overweight” rating and set a $134.00 price target on shares of Philip Morris International in a research report on Monday, July 31st. Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Philip Morris International has an average rating of “Buy” and a consensus price target 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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