Flagship Harbor Advisors LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,839 shares of the company’s stock after selling 441 shares during the period. Flagship Harbor Advisors LLC’s holdings in Philip Morris International were worth $604,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of PM. Oregon Public Employees Retirement Fund increased its stake in Philip Morris International by 6,541.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,319,091 shares of the company’s stock worth $170,000 after buying an additional 11,148,661 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Philip Morris International by 5.1% during the 4th quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock worth $6,345,520,000 after purchasing an additional 4,576,645 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Philip Morris International by 50.5% during the 4th quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock worth $737,970,000 after purchasing an additional 3,710,763 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Philip Morris International by 168.1% during the 4th quarter. Two Sigma Advisers LP now owns 3,936,832 shares of the company’s stock worth $262,823,000 after purchasing an additional 2,468,400 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in shares of Philip Morris International by 15.3% during the 4th quarter. Flossbach Von Storch AG now owns 18,204,516 shares of the company’s stock worth $1,215,333,000 after purchasing an additional 2,419,260 shares during the last quarter. Institutional investors own 73.18% of the company’s stock.
In related news, VP Michael R. Kunst acquired 2,500 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average price of $84.67 per share, with a total value of $211,675.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.76, for a total value of $4,238,000.00. Following the sale, the chief executive officer now directly owns 844,901 shares in the company, valued at approximately $71,613,808.76. The disclosure for this sale can be found here. In the last three months, insiders sold 121,200 shares of company stock worth $10,186,984. 0.21% of the stock is owned by corporate insiders.
NYSE PM traded down $0.27 on Wednesday, reaching $85.49. The stock had a trading volume of 2,807,816 shares, compared to its average volume of 5,531,969. The firm has a market cap of $132.90 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.18 and a beta of 0.93. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $92.74.
Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, April 18th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.10. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 earnings per share. On average, analysts predict that Philip Morris International Inc. will post 5.19 EPS for the current fiscal year.
Several brokerages have recently weighed in on PM. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Morgan Stanley boosted their target price on Philip Morris International from $88.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. ValuEngine cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Bank of America restated a “sell” rating and set a $74.00 target price on shares of Philip Morris International in a report on Tuesday, March 26th. Finally, Citigroup upped their price objective on Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $93.38.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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