Louisiana State Employees Retirement System Has $9.93 Million Stake in Philip Morris International Inc. (PM)

Louisiana State Employees Retirement System lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 94,000 shares of the company’s stock after selling 3,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Philip Morris International were worth $9,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Guidant Wealth Advisors grew its holdings in 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. NewSquare Capital LLC grew its holdings in Philip Morris International by 6,572.3% during the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after acquiring an additional 100,228 shares during the period. Vantage Investment Advisors LLC grew its holdings in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the period. Financial Engines Advisors L.L.C. grew its holdings in Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after acquiring an additional 962 shares during the period. Finally, Bank of Nova Scotia Trust Co. acquired a new position in Philip Morris International during the third quarter worth $135,000. Institutional investors and hedge funds own 72.38% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE:PM) opened at $99.94 on Friday. The company has a debt-to-equity ratio of -3.06, a current ratio of 1.35 and a quick ratio of 0.68. The firm has a market capitalization of $154,530.00, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. Philip Morris International Inc. has a twelve month low of $96.66 and a twelve month high of $123.55.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. equities research analysts forecast that Philip Morris International Inc. will post 5.29 EPS for the current fiscal year.

A number of research analysts recently weighed in on PM shares. Piper Jaffray Companies set a $130.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Thursday, November 16th. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Morgan Stanley upped their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Bank of America dropped their price objective on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $123.79.

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

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