MUFG Americas Holdings Corp Has $14 Million Stake in Philip Morris International (PM)

MUFG Americas Holdings Corp lifted its stake in shares of Philip Morris International (NYSE:PM) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,875 shares of the company’s stock after acquiring an additional 4,511 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Philip Morris International were worth $14,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

In other news, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the transaction, the insider now owns 189,199 shares in the company, valued at $19,795,891.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jerry Whitson bought 3,000 shares of the company’s stock in a transaction dated Wednesday, April 25th. The stock was bought at an average price of $82.76 per share, for a total transaction of $248,280.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 49,000 shares of company stock valued at $3,989,640 and sold 162,650 shares valued at $14,713,540. Company insiders own 0.22% of the company’s stock.

Shares of Philip Morris International opened at $81.04 on Friday, MarketBeat Ratings reports. 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 52 week low of $80.23 and a 52 week high of $81.33. The company has a market capitalization of $125.74 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.59 and a beta of 0.88.

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

Several equities research analysts recently commented on the company. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday. Bank of America decreased their target price on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Piper Jaffray reaffirmed a “buy” rating and set a $126.00 target price on shares of Philip Morris International in a research note on Thursday, February 8th. Deutsche Bank set a $100.00 target price on Philip Morris International and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Finally, Cowen reaffirmed a “buy” rating and set a $105.00 target price on shares of Philip Morris International in a research note on Friday, April 20th. Three analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.86.

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.

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

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