Philip Morris International Inc (PM) Stake Lowered by Chicago Equity Partners LLC

Chicago Equity Partners LLC decreased its position in shares of Philip Morris International Inc (NYSE:PM) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 257,680 shares of the company’s stock after selling 39,360 shares during the quarter. Philip Morris International accounts for 0.8% of Chicago Equity Partners LLC’s portfolio, making the stock its 15th largest position. Chicago Equity Partners LLC’s holdings in Philip Morris International were worth $30,265,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PM. Daiwa Securities Group Inc. grew its holdings in shares of Philip Morris International by 5.5% during the first quarter. Daiwa Securities Group Inc. now owns 64,200 shares of the company’s stock valued at $7,248,000 after buying an additional 3,350 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Philip Morris International by 0.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 32,181 shares of the company’s stock valued at $3,633,000 after purchasing an additional 206 shares during the period. TIAA CREF Trust Co. FSB MO lifted its position in Philip Morris International by 0.8% during the first quarter. TIAA CREF Trust Co. FSB MO now owns 93,316 shares of the company’s stock valued at $10,535,000 after purchasing an additional 766 shares during the period. Girard Partners LTD. lifted its position in Philip Morris International by 17.8% during the first quarter. Girard Partners LTD. now owns 34,449 shares of the company’s stock valued at $3,889,000 after purchasing an additional 5,203 shares during the period. Finally, HPM Partners LLC bought a new position in Philip Morris International during the first quarter valued at approximately $6,683,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.

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A number of research analysts recently weighed in on the stock. Piper Jaffray Companies set a $130.00 price objective on shares of Philip Morris International and gave the company a “buy” rating in a research report on Thursday, November 16th. Wells Fargo & Company restated an “outperform” rating and set a $135.00 price objective (down previously from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Jefferies Group LLC restated a “hold” rating and set a $114.00 price objective on shares of Philip Morris International in a research report on Friday, October 20th. Finally, Bank of America Corporation lowered their price objective on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and an average price target of $124.23.

Shares of Philip Morris International Inc (PM) opened at $103.36 on Wednesday. The company has a market cap of $160,540.00, a price-to-earnings ratio of 22.86, a PEG ratio of 2.07 and a beta of 0.91. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The firm had revenue of $7.50 billion for 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 firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. analysts anticipate that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.

In other news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

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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