Markston International LLC Cuts Position in Philip Morris International Inc (NYSE:PM)

Markston International LLC cut its position in Philip Morris International Inc (NYSE:PM) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,337 shares of the company’s stock after selling 7,099 shares during the period. Markston International LLC’s holdings in Philip Morris International were worth $6,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P raised its position in Philip Morris International by 11.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 586,136 shares of the company’s stock worth $53,625,000 after buying an additional 61,219 shares during the last quarter. Freestone Capital Holdings LLC raised its position in Philip Morris International by 19.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 28,787 shares of the company’s stock worth $2,634,000 after buying an additional 4,783 shares during the last quarter. Bienville Capital Management LLC raised its position in Philip Morris International by 5.9% in the fourth quarter. Bienville Capital Management LLC now owns 4,692 shares of the company’s stock worth $434,000 after buying an additional 260 shares during the last quarter. Janus Capital Management LLC raised its position in Philip Morris International by 31.8% in the fourth quarter. Janus Capital Management LLC now owns 2,066,809 shares of the company’s stock worth $189,092,000 after buying an additional 498,361 shares during the last quarter. Finally, Cheviot Value Management LLC purchased a new position in Philip Morris International during the fourth quarter worth $244,000. Hedge funds and other institutional investors own 72.30% of the company’s stock.

Philip Morris International Inc (NYSE:PM) traded down 0.52% on Friday, hitting $115.33. 4,178,162 shares of the stock were exchanged. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The firm has a market cap of $179.13 billion, a PE ratio of 25.56 and a beta of 0.93. The stock’s 50 day moving average price is $117.20 and its 200 day moving average price is $113.64.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.09. The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 earnings per share. Equities research analysts forecast that Philip Morris International Inc will post $4.83 earnings per share for the current year.

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A number of equities analysts have weighed in on PM shares. Vetr upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 price target for the company in a research report on Wednesday, April 26th. TheStreet raised shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. BidaskClub downgraded shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Tuesday, July 11th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $118.00 target price on shares of Philip Morris International in a report on Sunday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Philip Morris International currently has an average rating of “Buy” and an average target price of $121.79.

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.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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