Colony Group LLC Cuts Stake in Philip Morris International Inc (PM)
Colony Group LLC decreased its position in shares of Philip Morris International Inc (NYSE:PM) by 5.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,594 shares of the company’s stock after selling 200 shares during the quarter. Colony Group LLC’s holdings in Philip Morris International were worth $406,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of PM. Welch Investments LLC bought a new position in shares of Philip Morris International during the 1st quarter worth $113,000. Gemmer Asset Management LLC boosted its stake in Philip Morris International by 40.6% in the 1st quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after purchasing an additional 322 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Philip Morris International by 75.0% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company’s stock worth $198,000 after purchasing an additional 750 shares during the period. Sterling Investment Advisors Ltd. boosted its stake in Philip Morris International by 23.2% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,765 shares of the company’s stock worth $199,000 after purchasing an additional 332 shares during the period. Finally, Windsor Financial Group LLC bought a new position in Philip Morris International in the 1st quarter worth about $200,000. Institutional investors own 72.02% of the company’s stock.
Shares of Philip Morris International Inc (NYSE PM) traded down 1.10% during mid-day trading on Tuesday, hitting $116.63. The stock had a trading volume of 860,097 shares. The company has a market cap of $181.15 billion, a PE ratio of 25.84 and a beta of 0.94. The stock’s 50-day moving average is $116.35 and its 200 day moving average is $115.41. 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 released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. On average, equities research analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.
Several research analysts have commented on PM shares. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Berenberg Bank set a $96.00 target price on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Vetr upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 target price for the company in a research note on Tuesday, May 16th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $122.79.
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In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Philip Morris International 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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