Philip Morris International Inc (PM) Position Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Philip Morris International Inc (NYSE:PM) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,864 shares of the company’s stock after buying an additional 20,770 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Philip Morris International were worth $31,822,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Gradient Investments LLC increased its stake in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares during the period. Welch Investments LLC bought a new stake in shares of Philip Morris International during the first quarter valued at about $113,000. American Beacon Advisors Inc. bought a new stake in shares of Philip Morris International during the first quarter valued at about $114,000. Acropolis Investment Management LLC bought a new stake in shares of Philip Morris International during the first quarter valued at about $117,000. Finally, Gemmer Asset Management LLC increased its stake in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 72.30% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) traded down 0.77% on Friday, hitting $115.04. 1,191,169 shares of the stock traded hands. The stock has a 50 day moving average price of $117.25 and a 200-day moving average price of $113.51. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The stock has a market cap of $178.68 billion, a price-to-earnings ratio of 25.49 and a beta of 0.93.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current year.

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PM has been the subject of several research reports. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Saturday, June 24th. Vetr upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 price objective for the company in a research report on Tuesday, May 16th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $121.79.

About Philip Morris International

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.

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

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