Patriot Financial Group Insurance Agency LLC Has $238,000 Position in Philip Morris International Inc (PM)

Patriot Financial Group Insurance Agency LLC lowered its position in shares of Philip Morris International Inc (NYSE:PM) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,017 shares of the company’s stock after selling 126 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Philip Morris International were worth $238,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PM. Canandaigua National Bank & Trust Co. boosted its position in Philip Morris International by 6.2% during the first quarter. Canandaigua National Bank & Trust Co. now owns 6,676 shares of the company’s stock worth $753,000 after acquiring an additional 388 shares during the last quarter. New England Investment & Retirement Group Inc. raised its stake in Philip Morris International by 1.3% during the first quarter. New England Investment & Retirement Group Inc. now owns 23,566 shares of the company’s stock worth $2,661,000 after purchasing an additional 313 shares during the period. Bbva Compass Bancshares Inc. raised its stake in Philip Morris International by 2.1% during the first quarter. Bbva Compass Bancshares Inc. now owns 101,927 shares of the company’s stock worth $11,508,000 after purchasing an additional 2,096 shares during the period. Grisanti Capital Management LLC raised its stake in Philip Morris International by 67.8% during the first quarter. Grisanti Capital Management LLC now owns 8,910 shares of the company’s stock worth $1,006,000 after purchasing an additional 3,600 shares during the period. Finally, Moody Lynn & Lieberson LLC raised its stake in Philip Morris International by 70.4% during the first quarter. Moody Lynn & Lieberson LLC now owns 11,007 shares of the company’s stock worth $1,243,000 after purchasing an additional 4,549 shares during the period. Hedge funds and other institutional investors own 72.90% of the company’s stock.

Philip Morris International Inc (PM) opened at $102.64 on Monday. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The company has a market cap of $159,420.75, a price-to-earnings ratio of 22.86, a PEG ratio of 2.07 and a beta of 0.91.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. sell-side analysts forecast that Philip Morris International Inc will post 4.75 earnings per share for the current year.

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A number of equities analysts have weighed in on PM shares. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Goldman Sachs Group, Inc. (The) raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target on the stock in a research note on Thursday, September 28th. Cowen and Company reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $120.00 price target (down previously from $121.00) on shares of Philip Morris International in a research note on Thursday, August 24th. Finally, BidaskClub downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $124.23.

In related news, insider Drago Azinovic sold 14,000 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were 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 currently owned by company insiders.

Philip Morris International Profile

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

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