USS Investment Management Ltd reduced its position in shares of Philip Morris International Inc (NYSE:PM) by 10.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,046 shares of the company’s stock after selling 6,500 shares during the period. USS Investment Management Ltd’s holdings in Philip Morris International were worth $6,466,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Hourglass Capital LLC boosted its position 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 worth $8,957,000 after buying an additional 650 shares during the period. Wedbush Securities Inc. boosted its position 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 worth $2,212,000 after buying an additional 4,123 shares during the period. Suffolk Capital Management LLC acquired a new position in Philip Morris International during the second quarter valued at approximately $12,928,000. LMR Partners LLP boosted its position in 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 purchasing an additional 15,671 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Philip Morris International by 1.4% during the first quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock valued at $58,076,000 after purchasing an additional 7,050 shares during the last quarter. 72.22% of the stock is owned by institutional investors.
Shares of Philip Morris International Inc (PM) opened at $103.51 on Tuesday. The stock has a market capitalization of $160,010.95, a P/E ratio of 22.94, a P/E/G ratio of 2.08 and a beta of 0.91. Philip Morris International Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.
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 the Zacks’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. analysts forecast that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.
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Several research analysts recently commented on PM shares. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. TheStreet raised Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $133.00 price target (down from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Cowen and Company reissued a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $120.00 price target (down from $121.00) on shares of Philip Morris International in a research report on Thursday, August 24th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $124.62.
In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. Corporate 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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