Newman Dignan & Sheerar Inc. increased its stake in shares of Philip Morris International Inc (NYSE:PM) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,943 shares of the company’s stock after purchasing an additional 17 shares during the period. Philip Morris International makes up approximately 3.9% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 3rd largest holding. Newman Dignan & Sheerar Inc.’s holdings in Philip Morris International were worth $6,984,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in PM. Guidant Wealth Advisors grew its stake 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 purchasing 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 grew its stake 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 purchasing 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 grew its stake 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 purchasing an additional 400 shares during the period. 72.90% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. Wells Fargo & Company reissued an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research note on Wednesday, November 15th. Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Thursday, November 16th. Jefferies Group LLC reissued a “hold” rating and issued a $120.00 target price on shares of Philip Morris International in a research note on Thursday, September 28th. Finally, BidaskClub cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently 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 company’s stock in a transaction dated Wednesday, August 30th. The stock was 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 SEC, which is available at this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.
Shares of Philip Morris International Inc (NYSE PM) opened at $103.36 on Wednesday. The company has a market capitalization of $160,540.00, a PE ratio of 22.86, a PEG ratio of 2.07 and a beta of 0.91. Philip Morris International Inc has a twelve month low of $86.78 and a twelve month 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.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. sell-side analysts anticipate that Philip Morris International Inc will post 4.75 EPS for the current year.
Philip Morris International Company 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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