Employers Holdings Inc. Invests $2.02 Million in Philip Morris International Inc. (NYSE:PM)

Employers Holdings Inc. acquired a new position in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,657 shares of the company’s stock, valued at approximately $2,015,000. Philip Morris International comprises approximately 1.1% of Employers Holdings Inc.’s portfolio, making the stock its 24th largest position.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Philip Morris International by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,903,052 shares of the company’s stock worth $193,823,000 after buying an additional 183,239 shares in the last quarter. PFS Investments Inc. bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $928,000. Intl Fcstone Inc. raised its stake in shares of Philip Morris International by 4.1% during the first quarter. Intl Fcstone Inc. now owns 5,133 shares of the company’s stock valued at $460,000 after acquiring an additional 204 shares in the last quarter. Altfest L J & Co. Inc. raised its stake in shares of Philip Morris International by 1,850.0% during the first quarter. Altfest L J & Co. Inc. now owns 85,506 shares of the company’s stock valued at $293,000 after acquiring an additional 81,121 shares in the last quarter. Finally, Legacy Advisors LLC raised its stake in Philip Morris International by 12.4% in the first quarter. Legacy Advisors LLC now owns 3,526 shares of the company’s stock worth $312,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

PM has been the subject of a number of recent research reports. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Barclays raised shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $82.00 to $100.00 in a research note on Friday, July 19th. Morgan Stanley reduced their price objective on shares of Philip Morris International from $94.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Bank of America raised shares of Philip Morris International from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $81.00 to $94.00 in a research note on Friday, May 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $93.92.

In related news, VP Michael R. Kunst acquired 500 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average cost of $80.74 per share, with a total value of $40,370.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mario Masseroli sold 1,100 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total transaction of $96,162.00. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Shares of PM stock traded up $0.48 during trading hours on Friday, reaching $84.97. 20,150 shares of the company’s stock were exchanged, compared to its average volume of 5,284,436. The stock’s 50 day moving average is $82.74 and its 200-day moving average is $83.57. The company has a market cap of $130.61 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.05 and a beta of 0.96. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $92.74.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.13. The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.42 billion. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post 5.21 EPS for the current fiscal year.

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

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