CSU Producer Resources Inc. held its position in shares of Philip Morris International Inc (NYSE:PM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the company’s stock at the end of the 2nd quarter. Philip Morris International comprises approximately 7.0% of CSU Producer Resources Inc.’s portfolio, making the stock its 6th biggest holding. CSU Producer Resources Inc.’s holdings in Philip Morris International were worth $1,409,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in PM. Guidant Wealth Advisors raised its holdings in shares of Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares in the last quarter. American Beacon Advisors Inc. purchased a new stake in shares of Philip Morris International in the 1st quarter valued at about $114,000. Acropolis Investment Management LLC raised its holdings in shares of Philip Morris International by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter valued at about $178,000. Finally, Burt Wealth Advisors raised its holdings in shares of Philip Morris International by 33.0% in the 2nd quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after acquiring an additional 400 shares in the last quarter. 72.22% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on the company. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $135.00 price target (down previously from $140.00) on shares of Philip Morris International in a report on Wednesday. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the company a “buy” rating in a report on Thursday. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and increased their price objective for the company from $118.00 to $119.00 in a research report on Friday, August 11th. BidaskClub upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $124.23.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. Philip Morris International’s revenue was up 7.4% compared to the same quarter last year. analysts predict that Philip Morris International Inc will post 4.75 earnings per share for the current year.
In related news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.
Philip Morris International 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.
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