Philip Morris International Inc (PM) Shares Bought by Birinyi Associates Inc.

Birinyi Associates Inc. increased its stake in shares of Philip Morris International Inc (NYSE:PM) by 15.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,160 shares of the company’s stock after acquiring an additional 3,550 shares during the period. Philip Morris International comprises about 1.5% of Birinyi Associates Inc.’s portfolio, making the stock its 14th largest position. Birinyi Associates Inc.’s holdings in Philip Morris International were worth $3,190,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PM. Guidant Wealth Advisors raised its holdings in shares of Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the period. American Beacon Advisors Inc. acquired a new stake in shares of Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC raised its holdings in shares of Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after acquiring an additional 5 shares during the period. BDO Wealth Advisors LLC acquired a new stake in shares of Philip Morris International during the second quarter worth $178,000. Finally, Burt Wealth Advisors raised its holdings in shares of Philip Morris International by 33.0% during the second quarter. Burt Wealth Advisors now owns 1,613 shares of the company’s stock worth $189,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 72.22% of the company’s stock.

Shares of Philip Morris International Inc (NYSE:PM) opened at $102.64 on Friday. The company has a market cap of $159,420.75, a PE ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International Inc has a twelve month low of $86.78 and a twelve month high of $123.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the 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 business had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the firm earned $1.25 EPS. Philip Morris International’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts forecast that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.

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In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated 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. 0.23% of the stock is owned by insiders.

A number of research analysts recently weighed in on PM shares. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a research report on Wednesday. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $114.00 target price on shares of Philip Morris International in a research report on Friday, October 20th. Finally, Bank of America Corporation decreased their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $124.23.

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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