Philip Morris International Inc. (PM) Stake Raised by Advisors Capital Management LLC

Advisors Capital Management LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,315 shares of the company’s stock after purchasing an additional 6,413 shares during the period. Philip Morris International comprises approximately 1.3% of Advisors Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Advisors Capital Management LLC’s holdings in Philip Morris International were worth $17,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hudock Capital Group LLC raised its stake in Philip Morris International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock valued at $369,000 after acquiring an additional 8 shares during the period. Jackson Grant Investment Advisers Inc. raised its stake in Philip Morris International by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock valued at $396,000 after acquiring an additional 10 shares during the period. Vantage Investment Advisors LLC raised its stake in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares during the period. First Capital Advisors Group LLC. raised its stake in Philip Morris International by 0.3% in the 2nd quarter. First Capital Advisors Group LLC. now owns 3,490 shares of the company’s stock valued at $410,000 after acquiring an additional 12 shares during the period. Finally, ClariVest Asset Management LLC raised its stake in Philip Morris International by 0.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 2,452 shares of the company’s stock valued at $288,000 after acquiring an additional 14 shares during the period. Institutional investors own 72.31% of the company’s stock.

Philip Morris International Inc. (NYSE PM) opened at $104.31 on Monday. Philip Morris International Inc. has a twelve month low of $96.66 and a twelve month high of $123.55. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06. The company has a market capitalization of $162,010.00, a PE ratio of 26.88, a PEG ratio of 1.96 and a beta of 0.85.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. During the same period last year, the firm earned $1.10 earnings per share. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. research analysts forecast that Philip Morris International Inc. will post 5.27 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the company. Bank of America lowered their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $126.00 target price on shares of Philip Morris International in a report on Thursday, February 8th. Morgan Stanley lifted their target price on Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $123.79.

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

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