MEMBERS Trust Co acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,017 shares of the company’s stock, valued at approximately $226,000.
Several other large investors also recently modified their holdings of PM. Northwest Investment Counselors LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at approximately $32,000. Crewe Advisors LLC boosted its position in Philip Morris International by 57.3% during the third quarter. Crewe Advisors LLC now owns 472 shares of the company’s stock worth $35,000 after purchasing an additional 172 shares during the period. S.A. Mason LLC acquired a new position in shares of Philip Morris International in the third quarter valued at $44,000. Evolution Wealth Advisors LLC lifted its stake in shares of Philip Morris International by 322.2% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 760 shares of the company’s stock worth $57,000 after buying an additional 580 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Philip Morris International during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 73.98% of the company’s stock.
A number of brokerages have recently issued reports on PM. Argus cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, October 23rd. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $82.00 to $100.00 in a report on Wednesday, October 7th. The Goldman Sachs Group lifted their target price on Philip Morris International from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. ValuEngine cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Bank of America raised their price target on shares of Philip Morris International from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, September 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $92.91.
Shares of NYSE PM traded down $0.56 during mid-day trading on Tuesday, reaching $78.07. The company had a trading volume of 43,132 shares, compared to its average volume of 5,405,188. The firm has a market cap of $122.45 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.15 and a beta of 0.78. The business’s 50-day simple moving average is $74.82 and its 200 day simple moving average is $74.95. Philip Morris International Inc. has a one year low of $56.01 and a one year high of $90.17.
Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.27 billion. Philip Morris International had a net margin of 9.54% and a negative return on equity of 80.24%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Equities research analysts predict that Philip Morris International Inc. will post 5.08 EPS for the current fiscal year.
In other Philip Morris International news, Director Louis C. Camilleri sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $77.73, for a total transaction of $5,829,750.00. Company insiders own 0.22% of the company’s stock.
About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, 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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