Weatherstone Capital Management Has $254,000 Holdings in Philip Morris International Inc (PM)

Weatherstone Capital Management grew its position in shares of Philip Morris International Inc (NYSE:PM) by 22.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,166 shares of the company’s stock after acquiring an additional 395 shares during the quarter. Weatherstone Capital Management’s holdings in Philip Morris International were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Hourglass Capital LLC boosted its stake in shares of Philip Morris International by 0.9% during the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after purchasing an additional 650 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after acquiring an additional 4,123 shares in the last quarter. Suffolk Capital Management LLC bought a new position in shares of Philip Morris International during the second quarter valued at $12,928,000. LMR Partners LLP increased its holdings in shares of Philip Morris International by 274.0% during the second quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock valued at $2,512,000 after acquiring an additional 15,671 shares in the last quarter. Finally, Birinyi Associates Inc. increased its holdings in shares of Philip Morris International by 15.0% during the second quarter. Birinyi Associates Inc. now owns 27,160 shares of the company’s stock valued at $3,190,000 after acquiring an additional 3,550 shares in the last quarter. 72.63% of the stock is currently owned by institutional investors.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up $0.90 during mid-day trading on Tuesday, hitting $104.61. The stock had a trading volume of 5,179,400 shares, compared to its average volume of 4,121,231. Philip Morris International Inc has a fifty-two week low of $87.57 and a fifty-two week high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The firm has a market capitalization of $161,082.67, a price-to-earnings ratio of 23.10, a PEG ratio of 2.10 and a beta of 0.90.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The business 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 EPS. equities analysts expect that Philip Morris International Inc will post 4.75 earnings per share for the current year.

Several brokerages have issued reports on PM. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and raised their target price for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Jefferies Group reissued a “hold” rating and set a $120.00 target price on shares of Philip Morris International in a research note on Thursday, September 28th. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $135.00 price objective (down previously from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Philip Morris International in a research note on Sunday, October 22nd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $124.23.

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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.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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