1 week Ago By ABMN Staff
Addison Advisors LLC raised its stake in shares of Philip Morris International Inc. ( NYSE:PM – Free Report ) by 5.5% in the second quarter, according to its most recent 13F filing with the SEC.
The fund owned 2,661 shares of the company’s stock after purchasing an additional 138 shares during the period. Addison Advisors LLC’s holdings in Philip Morris International were worth $270,000 as of its most recent SEC filing. Other hedge funds have also added to or reduced their stakes in the company.
Iron Horse Wealth Management LLC boosted its stake in Philip Morris International by 684.4% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company’s stock valued at $25,000 after purchasing an additional 219 shares during the last quarter.
Boyd Watterson Asset Management LLC OH boosted its stake in Philip Morris International by 250.0% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares during the last quarter.
Fortitude Family Office LLC boosted its stake in Philip Morris International by 57.4% during the 2nd quarter. Fortitude Family Office LLC now owns 318 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares during the last quarter.
Northwest Financial Advisors acquired a new position in Philip Morris International during the 4th quarter valued at about $33,000. Finally, Olistico Wealth LLC acquired a new position in Philip Morris International during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 78.
63% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Philip Morris International from $110.
00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Philip Morris International from $116.
00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $120.
00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.
com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $110.
00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company.
According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.70. Philip Morris International Trading Up 0.
5 % NYSE:PM opened at $125.81 on Friday. The stock has a market capitalization of $195.
58 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.41 and a beta of 0.
55. The firm’s 50 day moving average is $113.87 and its 200 day moving average is $102.
23. Philip Morris International Inc. has a 12 month low of $87.
23 and a 12 month high of $127.45. Philip Morris International ( NYSE:PM – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd.
The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.
02. The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.
19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.
32%. Philip Morris International’s revenue was up 5.6% on a year-over-year basis.
During the same quarter in the previous year, the firm posted $1.60 EPS. Research analysts predict that Philip Morris International Inc.
will post 6.45 earnings per share for the current year. Insider Buying and Selling at Philip Morris International In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th.
The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00.
Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.
00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.
01, for a total transaction of $2,260,200.00. Following the sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.
47. The disclosure for this sale can be found here . Insiders own 0.
13% of the company’s stock. Philip Morris International Company Profile ( Free Report ) Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.
Featured Stories Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. ( NYSE:PM – Free Report ).
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter ..
