Bradley Foster & Sargent Inc. CT Has $2.64 Million Stake in Philip Morris International Inc (PM)
Bradley Foster & Sargent Inc. CT reduced its stake in Philip Morris International Inc (NYSE:PM) by 15.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,516 shares of the company’s stock after selling 4,042 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Philip Morris International were worth $2,644,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PM. Amerigo Asset Management purchased a new stake in shares of Philip Morris International in the second quarter worth $209,061,000. Canada Pension Plan Investment Board raised its position in shares of Philip Morris International by 60.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,353,310 shares of the company’s stock worth $393,846,000 after buying an additional 1,262,200 shares in the last quarter. Swiss National Bank raised its position in shares of Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock worth $646,548,000 after buying an additional 1,189,800 shares in the last quarter. State Street Corp raised its position in shares of Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock worth $6,766,079,000 after buying an additional 1,058,408 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its position in shares of Philip Morris International by 11,280.7% in the second quarter. Harbour Capital Advisors LLC now owns 862,200 shares of the company’s stock worth $7,341,000 after buying an additional 854,624 shares in the last quarter. 72.90% of the stock is owned by hedge funds and other institutional investors.
Shares of Philip Morris International Inc (PM) traded down $0.36 during trading hours on Monday, hitting $103.18. The stock had a trading volume of 1,970,500 shares, compared to its average volume of 4,093,468. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The company has a market capitalization of $160,259.48, a PE ratio of 22.98, a P/E/G ratio of 2.09 and a beta of 0.91. 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 Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts expect that Philip Morris International Inc will post 4.75 EPS for the current fiscal year.
A number of brokerages recently issued reports on PM. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and increased their price objective for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Jefferies Group LLC 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. BidaskClub downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Cowen Inc restated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $135.00 price target (down previously from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $124.23.
In other news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.
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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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