Vantage Investment Advisors LLC Has $121,000 Position in Philip Morris International Inc (PM)
Vantage Investment Advisors LLC increased its stake in shares of Philip Morris International Inc (NYSE:PM) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,033 shares of the company’s stock after purchasing an additional 10 shares during the period. Vantage Investment Advisors LLC’s holdings in Philip Morris International were worth $121,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in PM. Alliancebernstein L.P. grew its stake in shares of Philip Morris International by 57.8% during the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after purchasing an additional 2,139,002 shares during the period. Amerigo Asset Management acquired a new position in Philip Morris International in the second quarter valued at about $209,061,000. Canada Pension Plan Investment Board grew its stake in 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 valued at $393,846,000 after acquiring an additional 1,262,200 shares during the period. Swiss National Bank grew its stake in Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after acquiring an additional 1,189,800 shares during the period. Finally, State Street Corp grew its stake in Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after acquiring an additional 1,058,408 shares during the period. 72.63% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.23% of the company’s stock.
A number of research analysts have issued reports on the company. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and boosted their target price for the company from $118.00 to $119.00 in a research note on Friday, August 11th. Jefferies Group reissued a “hold” rating and issued a $120.00 target price on shares of Philip Morris International in a research note on Thursday, September 28th. Cowen reissued a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Goldman Sachs Group assumed coverage on Philip Morris International in a research note on Monday, October 2nd. They issued a “buy” rating for the company. Finally, Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Saturday, August 19th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Philip Morris International has an average rating of “Buy” and an average price target of $124.23.
Shares of Philip Morris International Inc (PM) traded up $0.96 during trading on Monday, hitting $103.71. The stock had a trading volume of 6,318,600 shares, compared to its average volume of 4,116,669. The company has a market capitalization of $161,082.67, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.90. Philip Morris International Inc has a 12 month low of $87.57 and a 12 month high of $123.55. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. analysts expect that Philip Morris International Inc will post 4.75 earnings per share for the current fiscal year.
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Philip Morris International 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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