Tocqueville Asset Management L.P. Purchases 435 Shares of Philip Morris International Inc. (PM)
Tocqueville Asset Management L.P. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 64,106 shares of the company’s stock after buying an additional 435 shares during the period. Tocqueville Asset Management L.P.’s holdings in Philip Morris International were worth $6,232,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. Glassman Wealth Services boosted its stake in Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock worth $102,000 after buying an additional 4 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock worth $107,000 after buying an additional 5 shares in the last quarter. Intersect Capital LLC boosted its stake in Philip Morris International by 0.3% in the second quarter. Intersect Capital LLC now owns 3,260 shares of the company’s stock worth $332,000 after buying an additional 11 shares in the last quarter. Hudock Capital Group LLC boosted its stake in Philip Morris International by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,660 shares of the company’s stock worth $372,000 after buying an additional 13 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock worth $112,000 after buying an additional 13 shares in the last quarter. 70.27% of the stock is currently owned by institutional investors.
Philip Morris International Inc. (NYSE:PM) traded down 2.30% during mid-day trading on Wednesday, hitting $88.52. The company had a trading volume of 5,120,318 shares. The company has a 50-day moving average price of $93.71 and a 200 day moving average price of $98.33. The firm has a market capitalization of $137.33 billion, a P/E ratio of 21.18 and a beta of 0.91. Philip Morris International Inc. has a 12 month low of $84.46 and a 12 month high of $104.20.
Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.02. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The firm had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $7.01 billion. During the same period in the previous year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts forecast that Philip Morris International Inc. will post $4.53 EPS for the current fiscal year.
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A number of research firms have recently commented on PM. Citigroup Inc. reissued a “neutral” rating and issued a $106.00 target price on shares of Philip Morris International in a research note on Friday, October 21st. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Goldman Sachs Group Inc. raised Philip Morris International from a “neutral” rating to a “buy” rating and upped their price target for the company from $106.00 to $114.00 in a report on Monday, September 12th. Jefferies Group reaffirmed a “hold” rating and set a $101.00 price target (up from $99.00) on shares of Philip Morris International in a report on Saturday, October 22nd. Finally, Vetr raised Philip Morris International from a “buy” rating to a “strong-buy” rating and set a $105.06 price target on the stock in a report on Thursday, November 10th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $104.82.
In other news, Director Jun Makihara purchased 2,000 shares of the stock in a transaction on Thursday, November 17th. The stock was bought at an average price of $89.22 per share, with a total value of $178,440.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.
Philip Morris International Company Profile
Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.
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