South Dakota Investment Council reduced its holdings in Philip Morris International Inc (NYSE:PM) by 19.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,309 shares of the company’s stock after selling 83,430 shares during the quarter. South Dakota Investment Council’s holdings in Philip Morris International were worth $41,496,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Guidant Wealth Advisors raised its holdings in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC raised its holdings in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in Philip Morris International during the second quarter worth $178,000. Finally, Burt Wealth Advisors raised its holdings in Philip Morris International by 33.0% during the second quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock worth $189,000 after purchasing an additional 400 shares during the last quarter. 72.64% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on PM shares. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Goldman Sachs Group raised Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a report on Thursday, September 28th. Cowen reaffirmed a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. BidaskClub cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $120.00 price objective (down from $121.00) on shares of Philip Morris International in a report on Thursday, August 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International presently has an average rating of “Buy” and a consensus price target of $124.23.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. research analysts anticipate that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.
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.
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