Waller Financial Planning Group Inc. Purchases Shares of 3,694 Philip Morris International Inc. (PM)
Waller Financial Planning Group Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,694 shares of the company’s stock, valued at approximately $247,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Capital International Investors increased its holdings in Philip Morris International by 325.0% during the 3rd quarter. Capital International Investors now owns 33,897,955 shares of the company’s stock valued at $2,764,039,000 after purchasing an additional 25,922,397 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Philip Morris International by 266,796.4% in the third quarter. Bank of New York Mellon Corp now owns 16,985,289 shares of the company’s stock valued at $1,384,981,000 after buying an additional 16,978,925 shares in the last quarter. Capital Research Global Investors increased its position in shares of Philip Morris International by 11.0% in the third quarter. Capital Research Global Investors now owns 46,383,194 shares of the company’s stock valued at $3,782,086,000 after buying an additional 4,613,349 shares in the last quarter. First Eagle Investment Management LLC increased its position in Philip Morris International by 38.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 7,764,248 shares of the company’s stock worth $633,097,000 after purchasing an additional 2,142,405 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Philip Morris International by 53.0% in the 3rd quarter. Schroder Investment Management Group now owns 5,916,842 shares of the company’s stock valued at $482,460,000 after buying an additional 2,048,754 shares during the period. Institutional investors own 73.17% of the company’s stock.
Shares of PM stock traded down $0.70 during mid-day trading on Monday, reaching $79.28. The stock had a trading volume of 104,380 shares, compared to its average volume of 7,108,197. Philip Morris International Inc. has a 52-week low of $64.67 and a 52-week high of $109.90. The stock has a market capitalization of $124.34 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.70 and a beta of 0.91.
In other Philip Morris International news, Director Louis C. Camilleri sold 59,495 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $86.98, for a total transaction of $5,174,875.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by company insiders.
PM has been the topic of a number of recent analyst reports. Credit Suisse Group downgraded Philip Morris International from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $92.00 to $74.00 in a research report on Tuesday, December 18th. Piper Jaffray Companies reissued an “overweight” rating and issued a $110.00 price target (down from $111.25) on shares of Philip Morris International in a research note on Friday, December 28th. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Societe Generale set a $95.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a research note on Monday, October 22nd. Finally, Morgan Stanley lowered their price target on shares of Philip Morris International from $102.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Philip Morris International has an average rating of “Hold” and an average target price of $91.25.
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Philip Morris International Company Profile
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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