Ashburton Jersey Ltd Has $12.37 Million Position in Philip Morris International Inc. (PM)

Ashburton Jersey Ltd trimmed its position in Philip Morris International Inc. (NYSE:PM) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,466 shares of the company’s stock after selling 7,177 shares during the quarter. Philip Morris International makes up approximately 5.4% of Ashburton Jersey Ltd’s portfolio, making the stock its 9th biggest holding. Ashburton Jersey Ltd’s holdings in Philip Morris International were worth $12,374,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Guidant Wealth Advisors increased its position in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the last quarter. Vantage Investment Advisors LLC increased its position in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the last quarter. Acropolis Investment Management LLC increased its position in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after purchasing an additional 5 shares during the last quarter. Financial Engines Advisors L.L.C. increased its position in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after purchasing an additional 962 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Philip Morris International by 13.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,230 shares of the company’s stock worth $144,000 after purchasing an additional 150 shares during the last quarter. 72.38% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Bank of America decreased their price objective on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Friday. Piper Jaffray Companies reiterated a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a research report on Thursday. Morgan Stanley increased their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Buy” and an average price target of $123.79.

Philip Morris International Inc. (NYSE:PM) traded down $0.45 during trading hours on Friday, hitting $99.94. The stock had a trading volume of 9,876,872 shares, compared to its average volume of 5,620,000. The stock has a market capitalization of $155,230.00, a price-to-earnings ratio of 25.82, a PEG ratio of 1.98 and a beta of 0.85. Philip Morris International Inc. has a 52-week low of $96.66 and a 52-week high of $123.55. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.68 and a current ratio of 1.35.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. equities research analysts forecast that Philip Morris International Inc. will post 5.28 EPS for the current fiscal year.

WARNING: This piece of content was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://stocknewstimes.com/2018/02/11/philip-morris-international-inc-pm-is-ashburton-jersey-ltds-9th-largest-position.html.

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.

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply