Centaurus Financial Inc. reduced its position in shares of Philip Morris International (NYSE:PM) by 43.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,096 shares of the company’s stock after selling 1,643 shares during the period. Centaurus Financial Inc.’s holdings in Philip Morris International were worth $208,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ING Groep NV increased its position in Philip Morris International by 3.8% in the third quarter. ING Groep NV now owns 73,611 shares of the company’s stock worth $8,172,000 after buying an additional 2,696 shares during the period. Norinchukin Bank The increased its position in Philip Morris International by 2.3% in the third quarter. Norinchukin Bank The now owns 197,234 shares of the company’s stock worth $21,895,000 after buying an additional 4,446 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Philip Morris International by 3.8% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 18,588 shares of the company’s stock worth $2,064,000 after buying an additional 676 shares during the period. Private Advisory Group LLC acquired a new stake in Philip Morris International in the third quarter worth $279,000. Finally, Monroe Bank & Trust MI increased its position in Philip Morris International by 26.8% in the third quarter. Monroe Bank & Trust MI now owns 14,503 shares of the company’s stock worth $1,327,000 after buying an additional 3,066 shares during the period. 72.70% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Jennifer Li bought 40,000 shares of Philip Morris International stock in a transaction dated Monday, May 14th. The stock was acquired at an average cost of $81.30 per share, with a total value of $3,252,000.00. Following the completion of the acquisition, the director now directly owns 47,323 shares in the company, valued at approximately $3,847,359.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the sale, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at $82,178,019.90. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 49,000 shares of company stock valued at $3,989,640 and have sold 162,650 shares valued at $14,713,540. Company insiders own 0.22% of the company’s stock.

Several research analysts have recently issued reports on PM shares. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Friday, January 19th. Goldman Sachs cut Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research note on Friday, April 20th. Bank of America cut Philip Morris International from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $113.00 to $88.00 in a research note on Friday, April 20th. Finally, Deutsche Bank started coverage on Philip Morris International in a research note on Tuesday, April 10th. They issued a “buy” rating and a $120.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $116.86.

Shares of Philip Morris International opened at $81.04 on Friday, MarketBeat Ratings reports. Philip Morris International has a fifty-two week low of $80.23 and a fifty-two week high of $81.33. The stock has a market cap of $124.25 billion, a P/E ratio of 16.44, a PEG ratio of 1.57 and a beta of 0.88. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of -2.82.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, April 19th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.12. Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The business had revenue of $6.90 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. sell-side analysts predict that Philip Morris International will post 5.23 EPS for the current fiscal year.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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