Driehaus Capital Management LLC raised its position in Philip Morris International Inc (NYSE:PM) by 9.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,096 shares of the company’s stock after buying an additional 350 shares during the period. Driehaus Capital Management LLC’s holdings in Philip Morris International were worth $462,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Gradient Investments LLC boosted its position in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares in the last quarter. Welch Investments LLC acquired a new position in Philip Morris International during the first quarter worth approximately $113,000. Acropolis Investment Management LLC acquired a new position in Philip Morris International during the first quarter worth approximately $117,000. Gemmer Asset Management LLC boosted its position in Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock worth $126,000 after buying an additional 322 shares in the last quarter. Finally, American National Bank boosted its position in Philip Morris International by 19.8% in the first quarter. American National Bank now owns 1,737 shares of the company’s stock worth $196,000 after buying an additional 287 shares in the last quarter. 72.45% of the stock is currently owned by institutional investors.
Philip Morris International Inc (NYSE:PM) traded up 0.58% during trading on Friday, hitting $114.88. The stock had a trading volume of 2,653,779 shares. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The company’s 50 day moving average is $117.56 and its 200-day moving average is $112.93. The company has a market cap of $178.43 billion, a PE ratio of 25.46 and a beta of 0.93.
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 analysts’ expectations 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 quarter last year, the business earned $1.15 EPS. On average, equities research analysts predict that Philip Morris International Inc will post $4.83 earnings per share for the current year.
A number of research firms recently commented on PM. BidaskClub raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Saturday. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday. Berenberg Bank set a $96.00 price target on Philip Morris International and gave the stock a “hold” rating in a report on Saturday, June 24th. Bank of America Corporation boosted their price target on Philip Morris International from $120.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $125.00 price target (down from $128.00) on shares of Philip Morris International in a report on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Philip Morris International presently has an average rating of “Buy” and an average price target of $122.00.
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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