Philip Morris International Inc. (PM) Holdings Increased by Wesbanco Bank Inc.

Wesbanco Bank Inc. raised its holdings in Philip Morris International Inc. (NYSE:PM) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,206 shares of the company’s stock after buying an additional 1,025 shares during the quarter. Wesbanco Bank Inc.’s holdings in Philip Morris International were worth $2,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optimum Investment Advisors purchased a new stake in shares of Philip Morris International during the 1st quarter worth about $100,000. Shine Investment Advisory Services Inc. grew its holdings in shares of Philip Morris International by 90.7% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after purchasing an additional 592 shares during the period. Landaas & Co. WI ADV purchased a new stake in shares of Philip Morris International during the 2nd quarter worth about $106,000. Cordasco Financial Network grew its holdings in shares of Philip Morris International by 214.1% during the 2nd quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock worth $110,000 after purchasing an additional 925 shares during the period. Finally, Aristotle Capital Management LLC purchased a new stake in shares of Philip Morris International during the 1st quarter worth about $119,000. Institutional investors own 72.77% of the company’s stock.

PM has been the subject of a number of research reports. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, May 14th. ValuEngine cut Philip Morris International from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $93.00 target price on shares of Philip Morris International in a report on Friday, July 13th. Morgan Stanley decreased their target price on Philip Morris International from $111.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, July 17th. Finally, Cowen cut Philip Morris International from an “outperform” rating to a “market perform” rating and set a $97.00 target price for the company. in a report on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $103.36.

NYSE PM opened at $79.69 on Monday. The company has a market capitalization of $123.88 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.70 and a beta of 0.90. Philip Morris International Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $119.43. The company has a debt-to-equity ratio of -2.76, a current ratio of 1.15 and a quick ratio of 0.64.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.18. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. Philip Morris International’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 EPS. sell-side analysts forecast that Philip Morris International Inc. will post 5.05 earnings per share for the current fiscal year.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Further Reading: Fundamental Analysis and Choosing Stocks

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

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