NF Trinity Capital Hong Kong Ltd acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, Holdings Channel reports. The firm acquired 63,000 shares of the company’s stock, valued at approximately $5,087,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Flossbach Von Storch AG raised its stake in shares of Philip Morris International by 45.1% during the first quarter. Flossbach Von Storch AG now owns 9,594,407 shares of the company’s stock worth $953,684,000 after purchasing an additional 2,982,085 shares during the last quarter. CI Global Investments Inc. purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $155,793,000. Massachusetts Financial Services Co. MA raised its stake in shares of Philip Morris International by 4.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 34,065,506 shares of the company’s stock worth $2,750,449,000 after purchasing an additional 1,421,021 shares during the last quarter. Contrarius Investment Management Ltd purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $138,681,000. Finally, Millennium Management LLC raised its stake in shares of Philip Morris International by 186.2% during the first quarter. Millennium Management LLC now owns 1,443,137 shares of the company’s stock worth $143,448,000 after purchasing an additional 938,933 shares during the last quarter. Institutional investors own 72.24% of the company’s stock.

Philip Morris International stock opened at $85.05 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of -2.76. The firm has a market capitalization of $128.34 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.76 and a beta of 0.90. Philip Morris International Inc. has a fifty-two week low of $76.21 and a fifty-two week high of $119.43.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.18. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.53 billion. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. Philip Morris International’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. equities analysts predict that Philip Morris International Inc. will post 5.06 EPS for the current year.

A number of brokerages recently weighed in on PM. ValuEngine raised Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Monday, July 30th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Wednesday, July 25th. Societe Generale lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. JPMorgan Chase & Co. lowered Philip Morris International from an “overweight” rating to a “neutral” rating in a report on Friday, July 20th. Finally, Stifel Nicolaus dropped their price objective on Philip Morris International from $100.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, July 20th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Hold” and an average price target of $104.55.

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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