Philip Morris International Inc. (NYSE:PM) Shares Bought by Modera Wealth Management LLC

Modera Wealth Management LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,791 shares of the company’s stock after acquiring an additional 200 shares during the period. Modera Wealth Management LLC’s holdings in Philip Morris International were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Manchester Financial Inc. acquired a new position in shares of Philip Morris International during the 2nd quarter worth approximately $36,000. Brand Asset Management Group Inc. increased its stake in shares of Philip Morris International by 34.9% in the second quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock valued at $37,000 after purchasing an additional 122 shares during the period. Shamrock Asset Management LLC increased its stake in shares of Philip Morris International by 53.9% in the first quarter. Shamrock Asset Management LLC now owns 571 shares of the company’s stock valued at $50,000 after purchasing an additional 200 shares during the period. HMS Capital Management LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $46,000. Finally, MCF Advisors LLC increased its stake in shares of Philip Morris International by 26.7% in the second quarter. MCF Advisors LLC now owns 603 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares during the period. Institutional investors own 74.33% of the company’s stock.

Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Philip Morris International from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $81.00 to $94.00 in a report on Friday, May 17th. Barclays upgraded shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $82.00 to $100.00 in a report on Friday, July 19th. ValuEngine cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $93.92.

In related news, insider Mario Masseroli sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total transaction of $96,162.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael R. Kunst bought 1,000 shares of Philip Morris International stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average price of $79.66 per share, with a total value of $79,660.00. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company’s stock.

NYSE:PM traded down $1.73 during trading hours on Friday, reaching $81.22. 2,923,273 shares of the company’s stock were exchanged, compared to its average volume of 4,566,205. The company has a market capitalization of $129.06 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.02 and a beta of 0.96. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $92.74. The business’s 50-day simple moving average is $83.53 and its two-hundred day simple moving average is $83.74.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 18th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.13. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.42 billion. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. On average, sell-side analysts forecast that Philip Morris International Inc. will post 5.22 EPS for the current 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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