Philip Morris International Inc. (PM) Position Raised by Intrust Bank NA
Intrust Bank NA increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,007 shares of the company’s stock after buying an additional 815 shares during the period. Intrust Bank NA’s holdings in Philip Morris International were worth $1,243,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hudock Capital Group LLC raised its stake in Philip Morris International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,136 shares of the company’s stock worth $354,000 after buying an additional 10 shares during the period. Newman Dignan & Sheerar Inc. raised its stake in Philip Morris International by 0.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 5,926 shares of the company’s stock worth $669,000 after buying an additional 20 shares during the period. Quotient Investors LLC raised its stake in Philip Morris International by 0.4% in the first quarter. Quotient Investors LLC now owns 5,130 shares of the company’s stock worth $579,000 after buying an additional 22 shares during the period. Klingman & Associates LLC raised its stake in Philip Morris International by 1.1% in the first quarter. Klingman & Associates LLC now owns 2,442 shares of the company’s stock worth $276,000 after buying an additional 26 shares during the period. Finally, JJJ Advisors Inc. raised its stake in Philip Morris International by 0.9% in the first quarter. JJJ Advisors Inc. now owns 3,204 shares of the company’s stock worth $362,000 after buying an additional 29 shares during the period. 72.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Philip Morris International Inc. (NYSE PM) traded up 0.24% during mid-day trading on Friday, reaching $114.80. The company had a trading volume of 3,109,531 shares. The firm’s 50 day moving average is $116.89 and its 200-day moving average is $114.25. The stock has a market capitalization of $178.31 billion, a P/E ratio of 25.44 and a beta of 0.93. 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 issued its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by $0.09. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts expect that Philip Morris International Inc. will post $4.82 earnings per share for the current fiscal year.
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A number of research firms have issued reports on PM. Jefferies Group LLC reaffirmed a “hold” rating and issued a $120.00 target price (down previously from $121.00) on shares of Philip Morris International in a report on Thursday. Cowen and Company reaffirmed a “buy” rating and issued a $135.00 target price on shares of Philip Morris International in a report on Tuesday. Piper Jaffray Companies set a $134.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Saturday, August 19th. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and raised their target price for the company from $118.00 to $119.00 in a report on Friday, August 11th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $122.79.
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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