Philip Morris International Inc (PM) Shares Bought by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. increased its holdings in Philip Morris International Inc (NYSE:PM) by 48.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,912 shares of the company’s stock after acquiring an additional 5,877 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Philip Morris International were worth $2,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PM. Daiwa Securities Group Inc. raised its stake in shares of Philip Morris International by 5.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 64,200 shares of the company’s stock worth $7,248,000 after purchasing an additional 3,350 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Philip Morris International by 0.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 32,181 shares of the company’s stock worth $3,633,000 after purchasing an additional 206 shares in the last quarter. TIAA CREF Trust Co. FSB MO raised its stake in shares of Philip Morris International by 0.8% during the 1st quarter. TIAA CREF Trust Co. FSB MO now owns 93,316 shares of the company’s stock worth $10,535,000 after purchasing an additional 766 shares in the last quarter. Girard Partners LTD. raised its stake in shares of Philip Morris International by 17.8% during the 1st quarter. Girard Partners LTD. now owns 34,449 shares of the company’s stock worth $3,889,000 after purchasing an additional 5,203 shares in the last quarter. Finally, HPM Partners LLC purchased a new stake in shares of Philip Morris International during the 1st quarter worth about $6,683,000. 72.90% of the stock is owned by hedge funds and other institutional investors.

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Philip Morris International Inc (NYSE PM) opened at $103.36 on Wednesday. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. 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 fifty-two week low of $86.78 and a fifty-two week high of $123.55.

Philip Morris International (NYSE:PM) last released its 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). The business had revenue of $7.50 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. analysts expect that Philip Morris International Inc will post 4.75 earnings per share for the current year.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were 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. Company insiders own 0.23% of the company’s stock.

PM has been the subject of a number of recent research reports. Piper Jaffray Companies set a $130.00 price target on Philip Morris International and gave the stock a “buy” rating in a research note on Thursday, November 16th. Jefferies Group LLC cut their price target on Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Bank of America Corporation cut their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $124.23.

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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