Edmonds Duncan Registered Investment Advisors LLC decreased its position in shares of Philip Morris International Inc (NYSE:PM) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,136 shares of the company’s stock after selling 205 shares during the period. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Philip Morris International were worth $460,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Princeton Portfolio Strategies Group LLC raised its position in shares of Philip Morris International by 8.0% in the fourth quarter. Princeton Portfolio Strategies Group LLC now owns 13,535 shares of the company’s stock valued at $1,238,000 after buying an additional 1,000 shares in the last quarter. Capital International Inc. CA increased its stake in Philip Morris International by 55.3% in the fourth quarter. Capital International Inc. CA now owns 80,730 shares of the company’s stock valued at $7,386,000 after buying an additional 28,730 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $19,670,000. Cigna Investments Inc. New acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $5,233,000. Finally, United Capital Financial Advisers LLC increased its stake in Philip Morris International by 0.7% in the fourth quarter. United Capital Financial Advisers LLC now owns 78,567 shares of the company’s stock valued at $7,188,000 after buying an additional 539 shares during the last quarter. 72.30% of the stock is owned by hedge funds and other institutional investors.
Philip Morris International Inc (PM) opened at 115.33 on Friday. The stock has a 50 day moving average price of $117.20 and a 200-day moving average price of $113.64. Philip Morris International Inc has a one year low of $86.78 and a one year high of $123.55. The firm has a market capitalization of $179.13 billion, a price-to-earnings ratio of 25.56 and a beta of 0.93.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 EPS. On average, analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current fiscal year.
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Several equities research analysts recently commented on the company. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC raised their target price on Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Citigroup Inc. lifted their price objective on Philip Morris International from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and boosted their price target for the stock from $118.00 to $119.00 in a report on Friday, August 11th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $121.79.
About Philip Morris International
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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