Neuberger Berman Group LLC Has $67.46 Million Holdings in Philip Morris International (PM)

Neuberger Berman Group LLC boosted its holdings in Philip Morris International (NYSE:PM) by 11.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 678,637 shares of the company’s stock after purchasing an additional 69,210 shares during the quarter. Neuberger Berman Group LLC’s holdings in Philip Morris International were worth $67,457,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PM. Front Row Advisors LLC acquired a new stake in Philip Morris International in the 4th quarter worth about $118,000. Wolverine Asset Management LLC acquired a new stake in Philip Morris International in the 4th quarter worth about $126,000. Cerebellum GP LLC acquired a new stake in Philip Morris International in the 4th quarter worth about $128,000. Independence Bank of Kentucky acquired a new stake in Philip Morris International in the 4th quarter worth about $129,000. Finally, Certified Advisory Corp acquired a new stake in Philip Morris International in the 4th quarter worth about $130,000. Institutional investors and hedge funds own 72.70% of the company’s stock.

Several brokerages have weighed in on PM. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Deutsche Bank set a $100.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Goldman Sachs cut shares of Philip Morris International from a “conviction-buy” rating to a “buy” rating in a research report on Friday, April 20th. Stifel Nicolaus dropped their target price on shares of Philip Morris International from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, April 20th. Finally, Bank of America cut shares of Philip Morris International from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $113.00 to $88.00 in a research report on Friday, April 20th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $116.86.



Shares of Philip Morris International opened at $80.75 on Friday, Marketbeat reports. The company has a market capitalization of $125.52 billion, a PE ratio of 17.11, a PEG ratio of 1.59 and a beta of 0.88. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of -2.82. Philip Morris International has a 12 month low of $79.40 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, April 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.03 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. research analysts expect that Philip Morris International will post 5.23 EPS for the current year.

In related news, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the sale, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer Li purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were bought at an average cost of $81.30 per share, for a total transaction of $3,252,000.00. Following the completion of the acquisition, the director now directly owns 47,323 shares in the company, valued at approximately $3,847,359.90. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 49,000 shares of company stock worth $3,989,640 and have sold 162,650 shares worth $14,713,540. Insiders own 0.22% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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