USS Investment Management Ltd Sells 1,400 Shares of Philip Morris International Inc. (PM)

USS Investment Management Ltd lowered its stake in Philip Morris International Inc. (NYSE:PM) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 59,146 shares of the company’s stock after selling 1,400 shares during the quarter. USS Investment Management Ltd’s holdings in Philip Morris International were worth $6,249,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Capital Investment Advisory Services LLC grew its stake in Philip Morris International by 5.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 2,647 shares of the company’s stock valued at $311,000 after purchasing an additional 126 shares in the last quarter. Novare Capital Management LLC grew its stake in Philip Morris International by 0.3% during the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock valued at $216,000 after purchasing an additional 5 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Philip Morris International by 0.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 98,538 shares of the company’s stock valued at $11,573,000 after purchasing an additional 902 shares in the last quarter. Palisade Capital Management LLC NJ grew its stake in Philip Morris International by 8.9% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 96,215 shares of the company’s stock valued at $11,300,000 after purchasing an additional 7,856 shares in the last quarter. Finally, Alley Co LLC grew its stake in Philip Morris International by 0.9% during the 2nd quarter. Alley Co LLC now owns 62,967 shares of the company’s stock valued at $7,395,000 after purchasing an additional 539 shares in the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

A number of brokerages have weighed in on PM. Bank of America lowered their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday. Piper Jaffray Companies restated a “buy” rating and set a $126.00 price objective on shares of Philip Morris International in a research note on Thursday. Morgan Stanley raised their price objective on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Jefferies Group restated a “hold” rating and set a $114.00 price objective on shares of Philip Morris International in a research note on Friday, October 20th. Finally, Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $123.79.

Philip Morris International Inc. (PM) opened at $99.94 on Friday. The company has a market capitalization of $154,530.00, a P/E ratio of 25.82, a PEG ratio of 1.99 and a beta of 0.85. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.68. Philip Morris International Inc. has a 12-month low of $96.66 and a 12-month high of $123.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. Philip Morris International’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. research analysts expect that Philip Morris International Inc. will post 5.29 earnings per share for the current year.

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

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