Lbmc Investment Advisors LLC Grows Stake in Philip Morris International Inc (PM)
Lbmc Investment Advisors LLC grew its position in Philip Morris International Inc (NYSE:PM) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,009 shares of the company’s stock after acquiring an additional 36 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in Philip Morris International were worth $588,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guidant Wealth Advisors lifted its position 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 buying an additional 191 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Philip Morris International during the first quarter worth approximately $114,000. Acropolis Investment Management LLC lifted its position in 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 buying an additional 5 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in Philip Morris International during the second quarter worth approximately $178,000. Finally, Burt Wealth Advisors lifted its position in 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 buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.
PM has been the topic of a number of analyst reports. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Cowen and Company reiterated a “buy” rating and set a $135.00 price objective on shares of Philip Morris International in a research report on Tuesday, August 22nd. Piper Jaffray Companies set a $134.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research report on Saturday, August 19th. Finally, Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $124.62.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.
Shares of Philip Morris International Inc (PM) opened at $102.72 on Wednesday. Philip Morris International Inc has a 1 year low of $86.78 and a 1 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 capitalization of $160,772.03, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 2.09 and a beta of 0.91.
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 Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. equities research analysts expect that Philip Morris International Inc will post 4.76 EPS for the current fiscal year.
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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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