NEXT Financial Group Inc Has $743,000 Stake in Philip Morris International Inc. (PM)

NEXT Financial Group Inc lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,035 shares of the company’s stock after selling 664 shares during the quarter. NEXT Financial Group Inc’s holdings in Philip Morris International were worth $743,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Doliver Capital Advisors LP raised its holdings in shares of Philip Morris International by 8.1% during the third quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock valued at $3,303,000 after acquiring an additional 2,242 shares in the last quarter. Hourglass Capital LLC raised its holdings in shares of Philip Morris International by 0.9% during the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock valued at $8,957,000 after acquiring an additional 650 shares in the last quarter. WFG Advisors LP raised its holdings in shares of Philip Morris International by 30.1% during the second quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock valued at $1,498,000 after acquiring an additional 2,951 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock valued at $2,212,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Philip Morris International by 1.0% during the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock valued at $661,401,000 after acquiring an additional 58,900 shares in the last quarter. 72.38% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Inc. (NYSE PM) opened at $99.94 on Monday. Philip Morris International Inc. has a twelve month low of $96.66 and a twelve month high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The stock has a market capitalization of $155,230.00, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.98 and a beta of 0.85.

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

PM has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $135.00 target price on Philip Morris International and gave the company a “buy” rating in a report on Sunday, October 15th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a report on Friday, January 19th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Citigroup decreased their price objective on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus price target 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.

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

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