HighTower Advisors LLC Acquires 7,050 Shares of Philip Morris International Inc (PM)

HighTower Advisors LLC raised its stake in shares of Philip Morris International Inc (NYSE:PM) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 514,313 shares of the company’s stock after buying an additional 7,050 shares during the period. HighTower Advisors LLC’s holdings in Philip Morris International were worth $58,076,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PM. Lumbard & Kellner LLC boosted its position in shares of Philip Morris International by 3.5% in the first quarter. Lumbard & Kellner LLC now owns 4,449 shares of the company’s stock valued at $502,000 after buying an additional 149 shares in the last quarter. USA Mutuals Advisors Inc. boosted its stake in Philip Morris International by 2.5% in the first quarter. USA Mutuals Advisors Inc. now owns 102,500 shares of the company’s stock valued at $11,572,000 after buying an additional 2,500 shares during the period. Sterling Investment Advisors Ltd. boosted its stake in Philip Morris International by 23.2% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock valued at $199,000 after buying an additional 332 shares during the period. Sensato Investors LLC purchased a new stake in Philip Morris International during the first quarter valued at about $15,896,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Philip Morris International during the first quarter valued at about $209,000. 72.45% of the stock is owned by institutional investors.

Shares of Philip Morris International Inc (PM) traded up 0.58% during midday trading on Friday, reaching $114.88. 2,653,779 shares of the company traded hands. The firm has a market capitalization of $178.43 billion, a P/E ratio of 25.46 and a beta of 0.93. The company has a 50 day moving average of $117.56 and a 200 day moving average of $112.93. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.

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PM has been the subject of several recent analyst reports. Jefferies Group LLC set a $111.00 price objective on shares of Philip Morris International and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Cowen and Company reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Philip Morris International in a research report on Wednesday, April 19th. Vetr raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 price objective for the company in a research report on Thursday, April 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $118.00 price objective on shares of Philip Morris International in a research report on Sunday, April 23rd. Finally, Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $122.00.

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




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