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.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 7th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.46 billion. During the same quarter in the previous year, the company earned $1.32 earnings per share. Philip Morris International’s quarterly revenue was down 9.6% on a year-over-year basis. On average, research analysts expect that Philip Morris International Inc. will post 5.38 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: “Waller Financial Planning Group Inc. Purchases Shares of 3,694 Philip Morris International Inc. (PM)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/waller-financial-planning-group-inc-purchases-shares-of-3694-philip-morris-international-inc-pm/2813254.html.

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.

Featured Story: How to Invest in an Index Fund

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.