IFP Advisors Inc Has $4.71 Million Holdings in Philip Morris International (PM)

IFP Advisors Inc lessened its stake in shares of Philip Morris International (NYSE:PM) by 8.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,335 shares of the company’s stock after selling 4,305 shares during the quarter. IFP Advisors Inc’s holdings in Philip Morris International were worth $4,705,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Ontario Teachers Pension Plan Board boosted its holdings in shares of Philip Morris International by 0.9% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 100,072 shares of the company’s stock worth $10,573,000 after purchasing an additional 872 shares during the last quarter. Kings Point Capital Management boosted its holdings in shares of Philip Morris International by 3.1% during the fourth quarter. Kings Point Capital Management now owns 64,335 shares of the company’s stock worth $6,797,000 after purchasing an additional 1,915 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Philip Morris International by 11.6% during the fourth quarter. Toronto Dominion Bank now owns 773,502 shares of the company’s stock worth $81,720,000 after purchasing an additional 80,256 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Philip Morris International by 2.0% during the fourth quarter. BlackRock Inc. now owns 94,653,614 shares of the company’s stock worth $10,000,154,000 after purchasing an additional 1,851,721 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in shares of Philip Morris International by 9.5% during the fourth quarter. Synovus Financial Corp now owns 146,533 shares of the company’s stock worth $15,500,000 after purchasing an additional 12,727 shares during the last quarter. Hedge funds and other institutional investors own 72.34% of the company’s stock.

Shares of Philip Morris International opened at $80.34 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.68 and a current ratio of 1.16. The firm has a market capitalization of $124.89 billion, a P/E ratio of 16.30, a PEG ratio of 1.58 and a beta of 0.88. Philip Morris International has a twelve month low of $79.40 and a twelve month high of $123.55.

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

In related news, Director Jennifer Li acquired 40,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were bought at an average cost of $81.30 per share, with a total value of $3,252,000.00. Following the completion of the transaction, the director now directly owns 47,323 shares of the company’s stock, 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, insider Jerry Whitson acquired 3,000 shares of the business’s stock in a transaction on Wednesday, April 25th. The stock was bought at an average cost of $82.76 per share, for a total transaction of $248,280.00. The disclosure for this purchase can be found here. Insiders purchased a total of 49,000 shares of company stock worth $3,989,640 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Several equities research analysts have recently issued reports on PM shares. Goldman Sachs Group cut Philip Morris International from a “conviction-buy” rating to a “buy” rating in a report on Friday, April 20th. Stifel Nicolaus decreased their price objective on Philip Morris International from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, April 20th. Cowen restated a “buy” rating and set a $105.00 price objective on shares of Philip Morris International in a report on Friday, April 20th. Piper Jaffray Companies restated a “buy” rating and set a $126.00 price objective on shares of Philip Morris International in a report on Thursday, February 8th. Finally, Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, February 28th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Hold” and a consensus price target of $116.86.

About Philip Morris International

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.

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

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