Chickasaw Capital Management LLC Sells 1,830 Shares of Philip Morris International Inc. (PM)

Chickasaw Capital Management LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,679 shares of the company’s stock after selling 1,830 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Philip Morris International were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Atlantic Trust Group LLC grew its holdings in Philip Morris International by 61.7% in the 3rd quarter. Atlantic Trust Group LLC now owns 114,523 shares of the company’s stock valued at $12,713,000 after buying an additional 43,704 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Philip Morris International by 2.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 4,172,660 shares of the company’s stock valued at $463,207,000 after buying an additional 93,027 shares during the period. AXA grew its holdings in Philip Morris International by 9.4% in the 3rd quarter. AXA now owns 492,149 shares of the company’s stock valued at $54,633,000 after buying an additional 42,094 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Philip Morris International by 424.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,624 shares of the company’s stock valued at $291,000 after buying an additional 2,124 shares during the period. Finally, Institutional & Family Asset Management LLC grew its holdings in Philip Morris International by 8.2% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 13,723 shares of the company’s stock valued at $1,523,000 after buying an additional 1,042 shares during the period. 72.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Philip Morris International Inc. (PM) traded up $0.42 on Thursday, hitting $102.96. The company’s stock had a trading volume of 2,323,987 shares, compared to its average volume of 5,627,052. Philip Morris International Inc. has a one year low of $96.66 and a one year high of $123.55. The firm has a market cap of $159,330.00, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85. 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 announced its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). The business had revenue of $8.29 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. analysts anticipate that Philip Morris International Inc. will post 5.28 earnings per share for the current year.

A number of brokerages have recently issued reports on PM. Citigroup decreased their target price on Philip Morris International from $125.00 to $117.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Bank of America reduced their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. Jefferies Group reissued a “hold” rating and set a $114.00 price target on shares of Philip Morris International in a research report on Friday, October 20th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $130.00 price target on shares of Philip Morris International in a research report on Sunday, October 22nd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $123.79.

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Philip Morris International Company Profile

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)

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