Windsor Capital Management LLC increased its position in shares of Philip Morris International Inc (NYSE:PM) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,056 shares of the company’s stock after acquiring an additional 318 shares during the quarter. Windsor Capital Management LLC’s holdings in Philip Morris International were worth $946,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Guidant Wealth Advisors increased its stake in Philip Morris International by 25.5% during the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in Philip Morris International during the 1st quarter valued at approximately $114,000. Acropolis Investment Management LLC increased its stake in Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares in the last quarter. BDO Wealth Advisors LLC acquired a new position in Philip Morris International during the 2nd quarter valued at approximately $178,000. Finally, Burt Wealth Advisors increased its stake in Philip Morris International by 33.0% during the 2nd quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock valued at $189,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.
Shares of Philip Morris International Inc (NYSE:PM) opened at $103.51 on Tuesday. Philip Morris International Inc has a twelve month low of $86.78 and a twelve month high of $123.55. The stock has a market cap of $160,010.95, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.08 and a beta of 0.91. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.
Philip Morris International (NYSE:PM) last announced 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). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the company posted $1.25 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. analysts anticipate that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.
PM has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $133.00 price target (down previously from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. Cowen and Company restated a “buy” rating and set a $135.00 price target on shares of Philip Morris International in a research note on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research note on Saturday, August 19th. Finally, Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $124.62.
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In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were 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 available through the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.
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.
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