Pacad Investment Ltd. purchased a new stake in Philip Morris International Inc (NYSE:PM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,699 shares of the company’s stock, valued at approximately $3,018,000.

Other large investors have also bought and sold shares of the company. Hourglass Capital LLC raised its holdings in shares of Philip Morris International by 0.9% in the 2nd quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after purchasing an additional 650 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Philip Morris International by 28.0% in the 2nd quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after purchasing an additional 4,123 shares in the last quarter. Suffolk Capital Management LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at about $12,928,000. LMR Partners LLP raised its holdings in shares of Philip Morris International by 274.0% in the 2nd quarter. LMR Partners LLP now owns 21,391 shares of the company’s stock valued at $2,512,000 after purchasing an additional 15,671 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Philip Morris International by 1.4% in the 1st quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock valued at $58,076,000 after purchasing an additional 7,050 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

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

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Philip Morris International Inc (PM) opened at $103.36 on Wednesday. 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 Inc has a 12-month low of $86.78 and a 12-month high of $123.55. The stock has a market cap of $160,540.00, a P/E ratio of 22.86, a PEG ratio of 2.07 and a beta of 0.91.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. research analysts forecast that Philip Morris International Inc will post 4.75 earnings per share for the current year.

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.

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

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