Phoenix Holdings Ltd. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,791 shares of the company’s stock after acquiring an additional 3,565 shares during the period. Phoenix Holdings Ltd.’s holdings in Philip Morris International were worth $2,993,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in Philip Morris International by 23.0% during the fourth quarter. Macquarie Group Ltd. now owns 293,162 shares of the company’s stock valued at $24,945,000 after buying an additional 54,845 shares during the period. Landsberg Bennett & Dubbaneh LLC boosted its stake in Philip Morris International by 16.0% during the first quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,458 shares of the company’s stock valued at $554,000 after buying an additional 1,031 shares during the period. Railway Pension Investments Ltd boosted its stake in Philip Morris International by 9.6% during the first quarter. Railway Pension Investments Ltd now owns 470,380 shares of the company’s stock valued at $34,319,000 after buying an additional 41,200 shares during the period. Squar Milner Financial Services LLC boosted its stake in Philip Morris International by 23.0% during the first quarter. Squar Milner Financial Services LLC now owns 5,452 shares of the company’s stock valued at $397,000 after buying an additional 1,018 shares during the period. Finally, HNP Capital LLC bought a new stake in Philip Morris International during the first quarter valued at $201,000. 74.56% of the stock is owned by hedge funds and other institutional investors.
NYSE:PM traded down $0.52 during mid-day trading on Thursday, reaching $78.18. 61,658 shares of the company’s stock traded hands, compared to its average volume of 4,124,199. Philip Morris International Inc. has a 12-month low of $56.01 and a 12-month high of $90.17. The firm has a market capitalization of $123.31 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.40 and a beta of 0.78. The company has a 50 day moving average price of $75.39 and a 200-day moving average price of $75.91.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.19. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Philip Morris International had a negative return on equity of 80.24% and a net margin of 9.54%. The business’s revenue was down 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 EPS. On average, research analysts expect that Philip Morris International Inc. will post 5.01 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on PM shares. Stifel Nicolaus lifted their price target on Philip Morris International from $85.00 to $90.00 in a research note on Wednesday, July 22nd. ValuEngine lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $74.00 price target for the company. in a research note on Wednesday, May 13th. Citigroup reaffirmed a “hold” rating and set a $75.00 price target on shares of Philip Morris International in a research note on Tuesday, June 30th. Finally, Piper Sandler reaffirmed a “buy” rating and set a $98.00 price target on shares of Philip Morris International in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $89.07.
Philip Morris International Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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