Philip Morris International Inc (PM) Shares Sold by RBO & Co. LLC

RBO & Co. LLC reduced its holdings in shares of Philip Morris International Inc (NYSE:PM) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,417 shares of the company’s stock after selling 1,480 shares during the quarter. Philip Morris International makes up approximately 5.6% of RBO & Co. LLC’s holdings, making the stock its 2nd biggest position. RBO & Co. LLC’s holdings in Philip Morris International were worth $20,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Advisory LLP lifted its stake in shares of Philip Morris International by 57.8% in the second quarter. Cornerstone Advisory LLP now owns 5,796 shares of the company’s stock worth $681,000 after acquiring an additional 2,122 shares during the period. LGL Partners LLC increased its holdings in shares of Philip Morris International by 0.9% during the second quarter. LGL Partners LLC now owns 1,821 shares of the company’s stock valued at $214,000 after acquiring an additional 17 shares in the last quarter. Crawford Investment Counsel Inc. increased its holdings in shares of Philip Morris International by 1.5% during the second quarter. Crawford Investment Counsel Inc. now owns 474,093 shares of the company’s stock valued at $55,682,000 after acquiring an additional 7,034 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Philip Morris International by 16.9% during the second quarter. Principal Financial Group Inc. now owns 2,597,934 shares of the company’s stock valued at $305,127,000 after acquiring an additional 376,072 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC increased its holdings in shares of Philip Morris International by 4.2% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 9,929 shares of the company’s stock valued at $1,166,000 after acquiring an additional 403 shares in the last quarter. 72.63% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the company. Cowen reaffirmed a “buy” rating and set a $135.00 price target 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 report on Saturday, August 19th. Goldman Sachs Group assumed coverage on Philip Morris International in a research note on Monday, October 2nd. They issued a “buy” rating on the stock. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and set a $120.00 price target on shares of Philip Morris International in a research report on Thursday, September 28th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $124.23.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

Shares of Philip Morris International Inc (PM) traded up $2.14 during midday trading on Wednesday, reaching $107.60. The company’s stock had a trading volume of 5,108,883 shares, compared to its average volume of 4,128,810. The company has a market capitalization of $162,480.55, a PE ratio of 23.30, a P/E/G ratio of 2.11 and a beta of 0.90. Philip Morris International Inc has a 52 week low of $87.90 and a 52 week 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.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.11). The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. equities analysts predict that Philip Morris International Inc will post 4.75 EPS for the current year.

WARNING: “Philip Morris International Inc (PM) Shares Sold by RBO & Co. LLC” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/12/07/rbo-co-llc-decreases-holdings-in-philip-morris-international-inc-pm.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.

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