Philip Morris International Inc (PM) Holdings Reduced by Ajo LP

Ajo LP lessened its holdings in shares of Philip Morris International Inc (NYSE:PM) by 66.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 833,031 shares of the company’s stock after selling 1,635,893 shares during the quarter. Ajo LP owned about 0.05% of Philip Morris International worth $97,839,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its position in shares of Philip Morris International by 1.8% during the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after purchasing an additional 1,058,408 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Philip Morris International by 2.9% during the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock worth $871,687,000 after purchasing an additional 210,869 shares in the last quarter. Swiss National Bank lifted its position in shares of Philip Morris International by 3.0% during the second quarter. Swiss National Bank now owns 5,899,131 shares of the company’s stock worth $692,853,000 after purchasing an additional 172,400 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Philip Morris International by 57.8% during the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after purchasing an additional 2,139,002 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Philip Morris International by 8.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,516,954 shares of the company’s stock worth $647,967,000 after purchasing an additional 452,857 shares in the last quarter. 72.63% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on PM shares. Piper Jaffray Companies set a $130.00 target price on shares of Philip Morris International and gave the company a “buy” rating in a report on Thursday, November 16th. Jefferies Group reduced their target price on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. Societe Generale raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Bank of America reduced their target price on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Seven 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 a consensus target price of $124.23.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up $1.60 during trading on Wednesday, reaching $107.06. 1,388,840 shares of the company’s stock traded hands, compared to its average volume of 4,124,628. The stock has a market capitalization of $162,480.55, a price-to-earnings ratio of 23.30, a P/E/G ratio of 2.11 and a beta of 0.90. Philip Morris International Inc has a one year low of $87.67 and a one year high of $123.55. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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 company had revenue of $7.50 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. sell-side analysts predict that Philip Morris International Inc will post 4.75 earnings per share for the current year.

WARNING: “Philip Morris International Inc (PM) Holdings Reduced by Ajo LP” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/12/06/philip-morris-international-inc-pm-holdings-reduced-by-ajo-lp.html.

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply