SeaCrest Wealth Management LLC Reduces Position in Philip Morris International Inc. (NYSE:PM)


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SeaCrest Wealth Management LLC cut its position in Philip Morris International Inc. (NYSE:PM) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,116 shares of the company’s stock after selling 550 shares during the period. SeaCrest Wealth Management LLC’s holdings in Philip Morris International were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Great West Life Assurance Co. Can boosted its holdings in shares of Philip Morris International by 250.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,955,118 shares of the company’s stock valued at $83,082,000 after buying an additional 2,825,130 shares in the last quarter. FIL Ltd boosted its holdings in shares of Philip Morris International by 74,956,733.3% in the 4th quarter. FIL Ltd now owns 2,248,705 shares of the company’s stock valued at $186,170,000 after buying an additional 2,248,702 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Philip Morris International by 3.3% in the 3rd quarter. Morgan Stanley now owns 47,120,073 shares of the company’s stock valued at $3,533,537,000 after buying an additional 1,526,001 shares in the last quarter. CIBC World Markets Inc. boosted its holdings in shares of Philip Morris International by 525.4% in the 4th quarter. CIBC World Markets Inc. now owns 1,225,567 shares of the company’s stock valued at $101,465,000 after buying an additional 1,029,605 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Philip Morris International by 97.1% in the 4th quarter. Retirement Systems of Alabama now owns 1,402,898 shares of the company’s stock valued at $116,146,000 after buying an additional 691,062 shares in the last quarter. 74.18% of the stock is currently owned by institutional investors.

Shares of PM stock traded down $0.09 during mid-day trading on Tuesday, hitting $86.41. The stock had a trading volume of 39,350 shares, compared to its average volume of 4,817,546. Philip Morris International Inc. has a fifty-two week low of $56.01 and a fifty-two week high of $89.18. The firm has a market cap of $134.58 billion, a PE ratio of 17.37, a PEG ratio of 2.27 and a beta of 0.77. The company’s 50-day simple moving average is $82.77 and its 200-day simple moving average is $79.34.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 4th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. Philip Morris International had a net margin of 10.07% and a negative return on equity of 78.02%. The company had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the business earned $1.22 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Research analysts expect that Philip Morris International Inc. will post 5.13 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on PM shares. Edward Jones cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Tuesday, December 15th. Piper Sandler upped their target price on shares of Philip Morris International from $98.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, November 18th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of Philip Morris International from $100.00 to $105.00 in a research note on Friday, January 8th. Smith Barney Citigroup reiterated a “” rating and set a $105.00 price target (up previously from $100.00) on shares of Philip Morris International in a research note on Friday, January 8th. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $90.00 to $100.00 in a research note on Friday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $96.00.

In other news, VP Marian Salzman sold 2,000 shares of the stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $84.39, for a total value of $168,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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