Middleton & Co Inc MA Has $221,000 Position in Philip Morris International Inc (PM)

Middleton & Co Inc MA continued to hold its position in shares of Philip Morris International Inc (NYSE:PM) during the second quarter, according to its most recent filing with the SEC. The firm owned 1,878 shares of the company’s stock at the end of the second quarter. Middleton & Co Inc MA’s holdings in Philip Morris International were worth $221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P boosted its stake 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 period. Freestone Capital Holdings LLC boosted its stake 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 period. 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 in 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 in the last quarter. Finally, Cheviot Value Management LLC purchased a new position in Philip Morris International during the fourth quarter worth approximately $244,000. Institutional investors own 72.30% of the company’s stock.

Philip Morris International Inc (PM) traded down 0.52% during midday trading on Friday, hitting $115.33. The stock had a trading volume of 4,178,162 shares. The stock has a market capitalization of $179.13 billion, a PE ratio of 25.56 and a beta of 0.93. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55. The stock’s 50-day moving average is $117.20 and its 200-day moving average is $113.64.

Philip Morris International (NYSE:PM) last announced its 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. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the previous year, the firm earned $1.15 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on PM shares. SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating and boosted their target price for the stock from $118.00 to $119.00 in a research report on Friday, August 11th. Berenberg Bank set a $96.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. BidaskClub upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Bank of America Corporation lifted their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 30th. Finally, Jefferies Group LLC lifted their price target on shares of Philip Morris International from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus 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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