Dai Ichi Life Insurance Company Ltd Acquires 10,676 Shares of Philip Morris International Inc (PM)

Dai Ichi Life Insurance Company Ltd boosted its holdings in Philip Morris International Inc (NYSE:PM) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 346,168 shares of the company’s stock after purchasing an additional 10,676 shares during the period. Philip Morris International makes up 0.9% of Dai Ichi Life Insurance Company Ltd’s portfolio, making the stock its 18th largest position. Dai Ichi Life Insurance Company Ltd’s holdings in Philip Morris International were worth $40,657,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PM. Regal Investment Advisors LLC raised its stake in shares of Philip Morris International by 0.6% during the second quarter. Regal Investment Advisors LLC now owns 3,563 shares of the company’s stock valued at $419,000 after acquiring an additional 23 shares during the last quarter. Trust Co. of Virginia VA raised its stake in shares of Philip Morris International by 1.1% during the second quarter. Trust Co. of Virginia VA now owns 24,857 shares of the company’s stock valued at $2,920,000 after acquiring an additional 273 shares during the last quarter. Weatherstone Capital Management raised its stake in shares of Philip Morris International by 22.3% during the second quarter. Weatherstone Capital Management now owns 2,166 shares of the company’s stock valued at $254,000 after acquiring an additional 395 shares during the last quarter. Jackson Wealth Management LLC raised its stake in shares of Philip Morris International by 4.7% during the second quarter. Jackson Wealth Management LLC now owns 18,951 shares of the company’s stock valued at $2,196,000 after acquiring an additional 855 shares during the last quarter. Finally, Vantage Investment Advisors LLC raised its stake in shares of Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares during the last quarter. 72.63% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is owned by insiders.

Shares of Philip Morris International Inc (NYSE PM) traded up $1.60 during midday trading on Wednesday, hitting $107.06. 1,388,840 shares of the company traded hands, compared to its average volume of 4,124,628. Philip Morris International Inc has a one year low of $87.67 and a one year high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68. The stock has a market capitalization of $162,480.55, a PE ratio of 23.30, a P/E/G ratio of 2.11 and a beta of 0.90.

Philip Morris International (NYSE:PM) last announced 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 net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. Philip Morris International’s quarterly revenue was up 7.4% compared to the same quarter last year. equities analysts anticipate that Philip Morris International Inc will post 4.75 EPS for the current year.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Piper Jaffray Companies set a $134.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research note on Saturday, August 19th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective for the company in a research note on Thursday, September 28th. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and upped their price objective for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Finally, BidaskClub raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $124.23.

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

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