D.B. Root & Company LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,871 shares of the company’s stock after buying an additional 700 shares during the period. D.B. Root & Company LLC’s holdings in Philip Morris International were worth $968,000 as of its most recent filing with the Securities and Exchange Commission, Marea Informative writes.
Other large investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. increased its stake in shares of Philip Morris International by 90.7% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock valued at $101,000 after buying an additional 592 shares during the period. Landaas & Co. WI ADV acquired a new stake in Philip Morris International during the 2nd quarter valued at approximately $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Philip Morris International during the 2nd quarter valued at approximately $108,000.
BerganKDV Wealth Management LLC acquired a new stake in Philip Morris International during the 2nd quarter valued at approximately $123,000. Finally, Norway Savings Bank increased its position in Philip Morris International by 337.5% during the 2nd quarter. Norway Savings Bank now owns 1,750 shares of the company’s stock valued at $141,000 after purchasing an additional 1,350 shares during the period. Hedge funds and other institutional investors own 72.31% of the company’s stock.
In other Philip Morris International news, Director Louis C. Camilleri sold 59,495 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $86.98, for a total transaction of $5,174,875.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.
PM has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company in a research report on Friday, August 24th. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Citigroup increased their target price on shares of Philip Morris International from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Finally, Societe Generale set a $95.00 target price on shares of Philip Morris International and gave the company a “hold” rating in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Philip Morris International presently has an average rating of “Hold” and a consensus price target of $94.73.
NYSE:PM traded down $0.43 during trading hours on Friday, hitting $86.53. 5,440,048 shares of the company traded hands, compared to its average volume of 4,941,070. Philip Morris International Inc. has a one year low of $76.21 and a one year high of $111.25. The stock has a market cap of $134.51 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.98 and a beta of 0.58.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.16. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The business had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the business earned $1.27 EPS. The business’s revenue was up .4% on a year-over-year basis. Equities research analysts forecast that Philip Morris International Inc. will post 5.01 earnings per share for the current year.
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