Philip Morris International Inc. (PM) Stake Lowered by World Asset Management Inc

World Asset Management Inc reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,180 shares of the company’s stock after selling 10,037 shares during the quarter. World Asset Management Inc’s holdings in Philip Morris International were worth $12,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Guidant Wealth Advisors increased its stake in Philip Morris International by 25.5% in the 2nd quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares in the last quarter. NewSquare Capital LLC increased its stake in Philip Morris International by 6,572.3% in the 3rd quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock valued at $116,000 after purchasing an additional 100,228 shares in the last quarter. Vantage Investment Advisors LLC increased its stake in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after purchasing an additional 10 shares in the last quarter. Financial Engines Advisors L.L.C. increased its stake in Philip Morris International by 399.2% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after purchasing an additional 962 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in Philip Morris International in the 4th quarter valued at approximately $134,000. 72.31% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on PM shares. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Friday, January 19th. Piper Jaffray Companies reissued an “overweight” rating and set a $137.00 price target (up previously from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Finally, Bank of America dropped their price target on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $123.79.

Philip Morris International Inc. (PM) opened at $102.54 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of -3.06. The firm has a market capitalization of $159,270.00, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85. Philip Morris International Inc. has a 1 year low of $96.66 and a 1 year high of $123.55.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.31 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 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%. Philip Morris International’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. sell-side analysts forecast that Philip Morris International Inc. will post 5.28 EPS for the current fiscal year.

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Philip Morris International 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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